Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Farmington reports $309,211 in state excess‑cost aid moved to non‑lapsing account; end‑of‑year close noted
Summary
The district reported a $309,211 increase from state excess‑cost aid that was placed in a non‑lapsing account to manage volatility. The district closed the fiscal year and will use the account for future needs subject to board approval.
The Farmington Board of Education heard a fiscal update on Sept. 15 showing the district received an additional $309,211 from the state, described in the meeting as supplemental excess‑cost aid, and the district moved that amount into a non‑lapsing account authorized under state statute. Assistant Superintendent for Finance and Operations reported that the non‑lapsing account allows the board to carry up to a statutory limit of operating funds forward for…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
