The Palmyra Eagle Area School District has released a statement regarding the district’s finances two years after their unsuccessful attempt to dissolve the district. The District states that they are financially sound, and at the end of the fiscal year that ended June 30 of 2021, they had unrestricted operating budget reserves (similar to retained earnings) of $4,008,918. This represents two years of budget reserve fund increases and now stands at 33% of their annual general operating expenditures. COVID-19 federal funding is not included in the budget reserve fund.
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