Budget Increase - BAN Premium
budget
From the meeting:
Board of Education — 2026-04-09
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Agenda item: Budget Increase - BAN Premium
Budget document. Attached to agenda item: “Budget Increase - BAN Premium”
Retrieved 2026-09-08 from the village's meeting portal.
View the original file ↗
Also attached to this agenda item:
Bid Results - Croton-Harmon UFSD 2025 BAN (444 KB)
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Agenda Item Details
Meeting
Apr 09, 2026 - Work Session
Category
6. Consent Agenda
Subject
6.16 Budget Increase - BAN Premium
Type
Action (Consent)
Recommended Action
RESOLVED: That the Board of Education hereby approves the budget increase as presented.
Budget Account Increase Amount by
Revenues - A5050.000 Interfund Transfers In from the Debt service Fund $408,491.89
Expenditures - Increase expenditure budget A9731.601-00-000 Debt Service BANS School Construction - Principal $408,491.89
Note: The funds will come from the BAN premium paid to the District on June 26, 2025 and booked in the Debt Service Fund in the amount of $408,491.89. This premium will be used to pay principal due on the BAN in June 2026.
Motion & Voting
RESOLVED: That the Board of Education hereby approves all items in the Consent Agenda as presented.
Motion by Omar Mayyasi, second by Allison Samuels.
Final Resolution: Motion Carried
Yes: Anamika Bhatnagar, Sarah Carrier, Neal Haber, Omar Mayyasi, Theo Oshiro, Allison Samuels, Ana Teague
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Machine-extracted for search and reference — the original file is the authoritative version.