Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the District Finance topic

No spam. Unsubscribe anytime.

Board approves routine transfers and district activity funds; FY25 closeout reported

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Board approved budget transfers, received a closeout report for FY2025 and approved nonfiduciary district activity balances to carry into FY2026.

The Board of Education approved routine budget transfers and the carryover of nonfiduciary district activity fund balances into fiscal year 2026. The finance committee reported that a transfer of roughly $1,000 involved transportation accounts, while the remaining transfers were smaller. The committee said the district was about 98% expended for fiscal year 2025, leaving about $236,000 to return to the town as a contribution for the next year. "The only thing I'd point out is the larger item for about a thousand dollars is just transfers with any transportation," the finance committee member said. The board also approved nonfiduciary activity funds as of June 30, 2025: approximately $15,000 at BCH and about $25,000 at BHS, funds described in materials as unrestricted and used to support student activities such as sports and other school programs. A motion to approve the transfers and a separate motion to approve carrying the activity fund balances were both adopted by voice vote with members responding "Aye."