The East Ramapo Central School District (ERCSD) announced a surprising $30 million budget surplus during Monday night’s Board of Education meeting, sparking calls for accountability and reforms in financial oversight, Monsey Scoop reported. This discovery, confirmed by an independent audit conducted by EFPR Group, contrasts sharply with earlier warnings of a $30 to $40 million deficit projected for the summer of 2024. The audit, which reviewed the district’s finances for the fiscal year ending June 30, 2024, found that financial statements complied with generally accepted accounting principles. The unexpected surplus comes on the heels of concerns raised by a state-appointed monitor last year, who predicted a severe fiscal shortfall.
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