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Concord finance committee schedules June meeting to weigh FY25 adjustments, food-service shortfall
Summary
The Concord School District finance committee voted to recommend a special June meeting to consider closing-year transfers and budget adjustments after staff reported projected FY25 gaps, rising meal debt and special-education costs.
The Concord School District Finance Committee voted May 19 to recommend that the full Board of Education post a special public meeting the third week of June to consider adjustments to the current fiscal year 2025 budget, including transfers to cover the district’s food-service shortfall.
Committee members said the meeting is intended to give the board time to review payroll runs, final state payments and any end-of-year transfers that will affect the June 30 closeout. Jack Dunn, school district finance staff, told the committee the district will better understand final balances after the last payrolls and “balloon” checks are processed over the next two to three weeks.
The nut graf: The finance office reported several pressure points that could require transfers or drawdowns from expendable trust funds, including more than $600,000 in transportation encumbrances for foster, homeless and…
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