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Wakefield schools report $28,362 remaining at close of fiscal 2025; July spending low as fiscal 2026 begins
Summary
School business office reported a $28,362 unspent balance for fiscal 2025, encumbrances remaining from late-year orders, and low July activity as the district opened fiscal 2026.
Wakefield School Committee — The Wakefield school business office told the School Committee on Aug. 12 that the district closed fiscal year 2025 with $28,362 unspent and carried encumbrances into the new fiscal year.
The business office said the $28,362 remained after all payrolls for fiscal 2025 were processed, and that roughly $190,000 of encumbrances from late‑year orders remain on the books for FY25. The office also reported roughly $150,000 in encumbrances in the district’s revolving accounts and noted that…
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