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Committee reviews revolving funds report and early FY26 budget notes
Summary
Finance staff reviewed the district’s revolving accounts and early FY26 budget work, reporting generally stable balances, suggested adjustments to some revenue projections and a proposed reclassification of $650,000 in capital spending for FY26.
The School Committee received a routine update on the district’s revolving funds and an early status report on FY26 budget work.
A district finance presenter (financial operations supervisor Debbie Scott contributed the packet) walked the committee through each revolving fund account, explaining beginning balances, year-to-date expenditures and projected ending balances carried into FY26. Most funds were reported as “on target”; the presenter noted a few line items…
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