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Subcommittee reviews FY19 assessment, E&D certification and budget timing
Summary
Committee reviewed certified E&D, FY19 assessment variances and budget planning, including state aid impacts, transportation and special-education costs. Staff said certified E&D of $218,000 will roll into FY19; members discussed assessment variances, state support and the timing of the superintendent’s budget presentation.
The Town of Lakeville Regional Finance Subcommittee on Dec. 6 reviewed the certified E&D balance, FY19 assessment variances and the district’s FY20 budget timeline, and discussed how state aid and one-time receipts affect member-town assessments.
District staff reported that E&D (excess and deficiency) for FY18 has been certified and that $218,000 will roll forward into FY19. Members reviewed line-item variances and a working assessment spreadsheet that shows how the FY19 assessment would have differed if certain revenues had been known earlier. Committee members noted an increase in assessments compared with FY18 and…
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