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Business manager reports FY25 closeout progress; district monitors possible loss of federal Title funds
Summary
Middletown's new business manager described FY25 closeout work and a reported year-to-date shortfall; the district is monitoring potential reductions in federal Title II, III and IV funding that could affect professional development.
David Owls, the district's new business manager, told the Middletown School Committee on July 17 that the FY25 closeout is underway and staff are uploading the FY26 budget into the district's new Munis accounting system.
Owls reported June general ledger figures the committee had seen previously and said year-to-date expenditures exceeded revenues by roughly $1,000,000. He said the variance would be offset by reimbursement requests to the Rhode Island Department of Education for CRP funds and by Medicaid reimbursements; staff are reviewing encumbrances and purchase orders that might be released. Owls said district staff expect a clearer picture of FY25 by August as reconciliation work continues.
On federal funding, Owls said the district has been notified by the commissioner of education that allocations for Title II, III and IV may be affected, and that some districts are pursuing legal action. He described Title II as roughly $120,000 in funding earmarked for professional development and said the district is preparing contingencies to preserve instructional leadership and professional-development activities if the funds are not delivered. Staff are exploring rollover options and program adjustments to continue planned work without relying solely on uncertain federal funds.
Committee members pressed for written materials for future meetings; Owls and the superintendent said a written budget-to-actual and revenue packet will be provided in board materials going forward. The committee asked that the FY25 reconciliation progress be completed by the August meeting.
The report underlines fiscal work underway during the transition to a shared-services accounting structure and a new Munis system, and it signals a potential local impact if federal Title funding is delayed or reduced.
