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East Kingston Board Reviews FY25 Year-end Finances; Sign Purchase Would Need June 30 Commitment to Hit FY25
Summary
Business manager told the board the district projects about $25,000 to return to taxpayers but closeout is incomplete; the board heard that a new school sign could be charged to FY25 only if a purchase order and vendor commitment are opened before June 30.
District finance staff told the East Kingston School Board June 9 that the fiscal year is not closed and that the projected return to taxpayers is about $25,000, contingent on final expenses and revenues through June 30.
Why it matters: the board heard the year-end position can change as invoices and encumbrances are finalized. Staff stressed that the adjusted appropriation remaining in the general fund is a tight number — cited in the meeting as about…
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