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Concord finance committee projects ~$2.8M FY25 gap; recommends covering student meal debt
Summary
Committee review of FY25 closed-year numbers showed a projected $2.8 million budget gap, encumbrance rollovers and a food-service meal-debt requirement. The committee recommended that the full Concord Board of Education authorize transfers to satisfy federally required meal-debt rules and to address any operating shortfall.
At a Concord School District finance committee meeting, administrators told committee members they are projecting a roughly $2.8 million shortfall in the district's fiscal 2025 closeout and recommended using available trust balances to cover a required student meal account debt and any remaining operating deficit.
The recommendation matters because federal and district policy require the district to pay uncollected student meal accounts from the general fund at fiscal year end. The committee voted to recommend that the full Board of Education raise and appropriate any fiscal‑year‑2025 leftover proceeds above $2,800,000 to cover meal debt under meal‑charging Policy 326 and to address an operating shortfall…
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