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Revere committee says FY25 closed within appropriation; projects $5.25 million carryforward into FY26
Summary
At its August meeting the Revere School Committee reviewed final FY25 financial results and a preliminary projection that the district will meet or exceed the $5,250,000 carryforward assumed in the FY26 budget; members discussed restricted city funds and committed capital for the McKinley renovation.
The Revere School Committee reviewed its final fiscal 2025 financial report and a preliminary projection that the district will meet or exceed the $5,250,000 carryforward assumed in the fiscal 2026 budget.
The final report, presented to the committee, showed that the district spent “within the bounds of the series appropriation vote,” and that the year closed without needing midyear budget amendments, the presenter said. The projection sheet in the packet showed a preliminary net-school-spending-eligible carryforward tracking at about $5.4 million, above the $5.25 million the FY26 budget assumed.
Why it matters: the assumed carryforward was built into the FY26 budget. If FY25 carryforward is lower…
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