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New finance director previews FY18 close, FY19 budget and enrollment changes
Summary
At a regional finance committee meeting for the Town of Lakeville, newly hired Director of Finance Ashley Lopes reviewed the FY18 close, projected available funds for FY19, state aid estimates and enrollment changes including a projected increase in school-choice students.
Ashley Lopes, the district’s new director of finance, gave the Regional Finance Committee an overview of the fiscal close for FY18 and a preliminary outlook for FY19 at the committee’s meeting.
Lopes said the FY18 appropriated general fund was about $36,000,000 and that after closing payroll the district currently projects a surplus of $29,000 that “will roll into E and D,” the district’s stabilization account. Lopes added that miscellaneous receipts of about $30,000 (including insurance claims and reimbursements) are expected to increase the E and D balance; she said, “we're going to start with at least $140,000 it looks like right now.”
The finance director presented the FY19 general fund budget of about $37,000,000, reported roughly $3,000,000 in expenditures to date and said available budget remains roughly $12,000,000. She noted changes to the assessment sheet since…
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