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Freetown-Lakeville committee: FY18 revenues steady; selectmen approve FY19 as schools plan to monitor special-education costs
Summary
Committee heard a FY18 budget progress report showing revenue holding and a $40,000 Medicaid reimbursement increase, learned that both towns’ selectmen have approved the FY19 budget, and directed administrators to monitor special-education tuition costs that could trigger requests for additional town funding.
The Freetown-Lakeville Regional School Committee received a FY18 budget progress report on May 23 that showed revenue holding steady and a larger-than-expected Medicaid reimbursement, while both Freetown and the Town of Lakeville have taken formal action to approve the district’s FY19 budget.
Committee members were told the revenue side of FY18 is “doing fairly well,” with Medicaid reimbursement about $40,000 more than anticipated. At the same time administrators said they remain cautious about expenditures and will monitor final payrolls and other year-end items before closing the books.
The committee was also told the town boards in both Lakeville and Freetown have voted to approve the district’s FY19 budget. A school official said the Freetown Finance Committee had not had a quorum on the date it met and planned to meet later this week to take formal action. Committee members said chairs of the selectmen and finance…
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