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South Kingstown committee reviews unaudited FY25 fund balance; committee discusses possible teacher recalls for FY26
Summary
Committee received an unaudited fund-balance memo showing a net reduction of roughly $700,000 for FY25 (capital and operating netted) and a projected unaudited FY25 year-end fund balance of about $2.19 million; members discussed timing for possible teacher recalls and next steps including revised budget adoption on July 15.
The South Kingstown School Committee reviewed an unaudited fiscal-year 2024–25 fund-balance memo prepared by district staff and discussed possible staffing implications for fiscal 2026.
District staff presented a memo intended to give the committee the best available unaudited estimate of the FY25 year-end fund balance and to inform decisions for FY26. The presentation noted that the net impact for FY25 — combining capital spending and operating savings — reduced the audited FY24 fund…
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