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Board hears budget update; city council approved trust release for $2.7 million construction funds
Summary
Board members reviewed pre‑buy progress, fund balance concerns including a $420,000 operating shortfall in food service, and were told the city council approved a $2.7 million release pending trustee approval; administrators flagged a recently received $18,000 tuition bill that could affect year‑end numbers.
School administrators updated the Laconia School District board on year‑end budget status, pre‑buy procurement and a pending trust‑fund release tied to a construction project.
Business administrator Clary reported the district's pre‑buy progress, saying the pre‑buy was about 90% complete at a June 11 update and later noting orders were approaching 93% as staff finished…
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