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Board authorizes finance committee to make small in‑year transfers under Title 20‑A for FY26
Summary
The RSU 5 board on June 4 authorized the finance committee to transfer up to 5% between cost centers in the FY26 operating budget under the statute cited, allowing the committee to manage routine year‑end adjustments without convening the full board.
The RSU 5 Board of Directors voted June 4 to authorize the finance committee to transfer, on behalf of the board, up to 5% of the total appropriation for any cost center to another cost center in the fiscal‑year 2026 operating budget, consistent with the statute cited during the meeting.
An administrator explained that the authorization is an annual item on…
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