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East Kingston board reviews monthly finances; facilities and safety work scheduled over school breaks
Summary
Board heard a finance update from staff showing roughly $561,000 on hand after recent spending, projected year-end fund balance of about $120,549, and was told facilities and safety work will occur during February and April breaks; Homeland Security audit updates will be reported next meeting.
East Kingston School District board members heard a monthly financial report and an update on planned facilities and safety work during their meeting.
In the board packet, Michelle (business/finance staff) told the board the district’s accounts showed remaining expenses of about $192,000 from the prior period and that the district spent an additional $18,604 this month, leaving roughly $561,000 on hand. "We anticipate earnings on investments higher than it projected for the year of $8,000, which leads us currently projecting the end of the year fund balance at a hundred and $20,549," Michelle said. Board members discussed that some planned facilities work and safety updates will reduce that balance once purchase orders and payments are issued.
The board was told portions of the facilities work are scheduled to take place during the February school break and the remainder during April break so that construction and safety upgrades affect instruction minimally. Brandon (district staff) and others will provide a more detailed update as purchase orders and payments are finalized. The board also said it may draw from a trust fund if additional funds are needed for these projects.
Separately, the board noted that Homeland Security audit recommendations remain outstanding; Brandon will provide an update on implementation at the next regular meeting. No formal action was taken on the finance report or facilities items at this meeting.
Less-critical procedural items discussed during the same agenda segment included confirming access to the packet download and clarifying last year’s fund-balance figures; board members agreed to resolve minor minutes and packet-download issues outside the meeting.
