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Madison finance committee recommends year-end line transfers, flags baseball field funding shortfall
Summary
At its June 17 finance committee meeting, the Madison Board of Education’s finance committee reviewed year-end balances, recommended forwarding line-item transfers to the full board, and discussed a funding shortfall for the district-owned baseball field while the town-funded softball project moves forward.
Galen, chairing the Madison Board of Education Finance Committee, called the meeting to order at 5:30 p.m. and the committee reviewed year-end balances and proposed line-item transfers to close the fiscal year.
Stacy, finance staff, told the committee the district’s financial report had been finalized that morning and walked members through the worksheet columns comparing what was reported on May 20 to current projections. She said recent changes included an increase of $147,000 in projected reimbursements and that a previously approved line-item transfer from the June 3 Board of Education meeting had been reflected in the…
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