Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Contoocook Valley School Board votes to retain 2.5% of unassigned fund balance, returning remainder to taxpayers
Summary
The Contoocook Valley School District school board voted unanimously to retain 2.5% of the district's unassigned fund balance for fiscal stability and return the remainder to taxpayers after discussion of a $5.46 million year-end surplus.
The Contoocook Valley School District school board voted unanimously to retain 2.5% of the district's unassigned fund balance for fiscal year 2025 and to return the remaining surplus to taxpayers.
District staff told the board the district ended the year with a $5,456,278 surplus, made up of $1.4 million in revenue over budget, $3.4 million in expenses under budget and $603,000 in unused contingency funds. Neil (staff member) presented the fund-balance breakdown and three retention options; the budget and property committee recommended…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
