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School board hears finance report showing roughly $34,000 projected year-end fund balance; schools asked to submit purchase orders by June 30
Summary
Business office reported a projected ending-year unassigned fund balance of about $34,267 after accounting for recent encumbrances and unplanned special-education costs. Schools were asked to submit remaining purchase orders within a week to allow final encumbrance adjustments; the board discussed prior use of trust funds for facilities work.
At its regularly scheduled meeting, the East Kingston School District business office reported a projected ending-year unassigned fund balance of approximately $34,267 after recent encumbrances and additional special-education costs.
The business office told the board that at the end of the previous meeting the district had an outstanding remaining expense of about $112,542 and that the district recorded approximately $86,282 in additional purchase-order expenses this month, leaving roughly $26,267 in remaining encumbrances. The office said the month also showed a small, unanticipated amount of investment…
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