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Onteora School District to use savings to fund benefits, projects

by Nick Henderson
June 16, 2021
in Education
0
Onteora seeks to put funds aside for more renovations

The way Onteora has operated under COVID restrictions has resulted in a savings of between $2.5 to 3.5 million, said Assistant Superintendent for Business Monica LaClair at the June 1 board meeting.

She recommended transferring $350,000 to the teacher retirement system reserve, $54,000 to the unemployment reserve and $33,000 to the unassigned fund balance. Around $2-3 million should be put into accrued liability, which is the money legally owed to staff should the district have to shut down permanently. Anything remaining should go to the capital reserve to fund any work as architects complete a building condition survey, she said.

The surplus is unrelated to the federal COVID benefits awarded to schools. The district is coming up with a plan for how that money should be used.

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Onteora board thanks LaClair for her service

Nick Henderson

Nick Henderson was raised in Woodstock starting at the age of three and attended Onteora schools, then SUNY New Paltz after spending a year at SUNY Potsdam under the misguided belief he would become a music teacher. He became the news director at college radio station WFNP, where he caught the journalism bug and the rest is history. He spent four years as City Hall reporter for Foster’s Daily Democrat in Dover, NH, then moved back to Woodstock in 2003 and worked on the Daily Freeman copy desk until 2013. He has covered Woodstock for Ulster Publishing since early 2014.

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