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Business office reports $1.5M projected operating deficit; committee presses for reserve plan and March cleanup
Summary
The district’s Q2 financial report showed a preliminary operating deficit of about $1.5 million and prompted committee demand for a clearer plan for revolving funds and reserve use.
The Canton School Committee heard a detailed Q2 financial briefing on Feb. 6 and approved the report 4–1 after extended questioning about reserves and budget coding.
Business Administrator Brian Lynch told the committee: “We are currently projecting or posting a $1,500,000 deficit.” Lynch said the business office is pursuing a multi-step cleanup: reconciling payroll encumbrances (including payroll holds for staff on leave), contacting vendors to close old encumbrances and reclassifying some student‑services expenses to federal grants and circuit-breaker reimbursements where appropriate. Lynch set a target of March 1 for determining the district’s cash position after cleanup work.
Why it matters: The projected deficit will inform FY26 budget work and town…
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