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Wakefield school finance update: district at midyear, payroll warrants approved
Summary
At its Jan. 7 meeting the Wakefield School Committee reviewed the financial report through Dec. 31, 2024, heard that roughly 6.34% of the operating budget remained after encumbrances, was told about planned transfers and expected circuit-breaker payments, and approved payroll warrants.
The Wakefield School Committee on Jan. 7 received the district's financial report through Dec. 31, 2024, and approved payroll warrants covering December payrolls.
"We're actually at the halfway mark, if you can believe it, of fiscal 25. With all the encumbrances, we have about 6.34% remaining," said Miss Pekayla, the finance staff member who presented the report. She told the committee some line items are over budget…
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