The financial health of our public school organization is
paramount to the future of our community. Our ability to accomplish our vision
for the future is commensurate with our ability to manage our finances. The
current economic climate necessitates the need for us to be flexible and to
continue to challenge the status quo with regard to both spending and revenues,
in order to provide the quality of education our community expects.
Methacton School District is a $100 million dollar operation. The administration
and the Board of School Directors must work together to address challenges such
as rising retirement costs and healthcare costs, to name a few. The forecast
suggests that our current spending is not supported by our projected revenues.
The Methacton School District will need to address this expenditure and revenue
issue, along with addressing the capital reserve fund and fund balance, in
order to maintain long term financial stability. A 5-year budgetary projection is
located on the district website.