Centennial School District — Transcript
Thursday, January 15, 2026
Financial Performance and Forecast
2026-2027 Budget Planning and Cost Efficiency
Technology Infrastructure and Refresh Cycle
Debt Refinancing and Audit Status
Grant Funding and Revenue Maximization
Votes (3)
Monthly Reports from PSDLEF and IRS Mileage Update
These items are scheduled to be brought forward to the Committee of the Whole for informational purposes. PSDLEF is a key partner in managing the district's money and investments. The IRS mileage update is a routine adjustment in line with federal code.
Adoption of the Opt Out Resolution
The opt out resolution indicates the board's decision not to exceed the Act One Index limit (3.51%) for budget increases. This policy choice affects the entire budget process, as not signing it would allow the district to seek special expense categories to go above the index.
Accepting PA Jobs Training and Education Program Grant for Robotics
A $35,000 grant from the Commonwealth has been received to support the district's robust and growing robotics program, which serves students from elementary through high school. This two-year grant has no matching requirement and will contribute significantly to the program's expansion.
Notable Quotes (6)
PSDLEF is a is a schoolwide uh districtwide uh source for uh for managing helping us manage our money. we maintain sort of zero uh zero balance checking accounts so that our money is constantly invested uh on the shortterm side and and the longer term side as well.
The IRS mileage update. It's just simply an update in keeping with uh the IRS code. So we say one way or another it is what it is.
The opt out resolution uh that we'll be seeking indicates that the board cannot go above the 3.51 3.5% increase um as set by the act one index right it doesn't say you can go below it uh but you can't go above it and that's really um what is what gets called out in that adoption the opt option to that would be to to carry to not sign it then to sort carry the budget process right out of the gate where you could then seek for special expense categories you could seek to go above the act one index and that was done here in prior times as well.
So we received $35,000 from the Commonwealth uh in support of our districtwide robotics program. So we are very excited about that.
The robotics team is really blown has really grown here at Centennial. We have robotics programs starting at the elementary school level uh and running through uh the high school level.
There is no matching requirement to this. Correct.
Ordinances & Resolutions (11)
State-mandated limit on property tax increases, relevant for the opt out resolution.
Reference to funding recoveries for students residing outside the district but attending district schools.
The code governing the IRS mileage update being presented for information.
A $180,000 grant being refined for submission and other state-offered grants under evaluation.
Federal grant money, identified as higher than initially envisioned, awaiting submission guidance.
A larger debt refinancing that was successfully completed in October of the previous year.
A smaller debt refinancing scheduled for mid-to-late February, aiming for annual savings.
A resolution indicating the board will not exceed the Act One Index limit for budget increases.
A $35,000 grant received from the Commonwealth for the district's robotics program.
Monthly reports from the district's main banking and money management organization.
The new cumulative system whose initial reporting flaws delayed social security reimbursement submissions last year.