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RSU 40/MSAD 40 finance committee reviews warrants, Medicaid billing and transportation reimbursements
Summary
Committee members reviewed warrants and monthly financial statements, discussed delayed state billing and pending Medicaid/related services receipts, and asked about parent reimbursements for special-purpose private-school transportation and repair costs to a district bus.
The RSU 40/MSAD 40 finance committee reviewed warrants and the district’s April financial statements, discussed a multi-month lag in state billing for billable services, and clarified circumstances under which guardians are reimbursed to transport students to special-purpose private schools.
During the meeting, a district finance presenter said the district had received some revenue but was carrying a negative on a specific reimbursement line and that another approximately $5,052,000 was pending from state billing processes. “I looked at it with Karen and Casey the other day, and there’s about another $5,052,000 pending,” the presenter said, noting a typical one- to two-month lag while the state processes submitted billing data.
Committee members reviewed line-item warrants and questioned several entries, including a…
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