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Committee approves $700,000 transfer from excess and deficiency to capital stabilization
Summary
The Dennis-Yarmouth Regional School Committee voted April 7 to transfer $700,000 from the district's excess and deficiency (E&D) balance into a newly established capital stabilization fund to support long-range capital planning and make design or project funds available.
The Dennis-Yarmouth Regional School Committee approved a $700,000 transfer from the district's excess and deficiency (E&D) account into capital stabilization on April 7.
Superintendent Dr. Smith said the funds are unanticipated revenue — roughly $702,107 — coming from higher-than-expected Medicaid reimbursements and stronger interest income on district investments. "By moving it into that account,…
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