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RSU 22 committee agrees to shift most reserves into contingency, keep three targeted reserve funds
Summary
Budget committee members reached consensus to present a FY26 proposal that keeps capital, technology and athletic-facility (turf) reserve accounts while moving other reserves into a district contingency fund; members also agreed to begin setting money aside for a future administrative-building replacement.
RSU 22 budget committee members said they will present a budget plan that retains three targeted reserve accounts for planned capital needs while moving other reserve lines into a general contingency fund requiring board approval.
Committee members said the three reserves to be retained are for capital (including a planned turf replacement), technology refreshes and athletic-facility needs. The group also reached consensus to begin setting money aside for a future administrative-building replacement and to present the contingency/reserve approach to the full board on May 14.
Why it matters: Committee members said moving unplanned uses to a single contingency fund would give the district more…
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