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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 balance by about $700,000. The audited fund balance at July 2024 was stated in the meeting as $4,486,741.
The superintendent and district finance staff said the FY26 proposed budget currently includes approximately $1.595 million committed to capital; the district reported a projected unaudited fund balance of about $2,191,518 for the end of FY25. The superintendent said the committee will need to adopt a revised budget after final state funding numbers are available and that an agenda item for a revised budget is expected by July 15.
Committee members questioned timing and logistics if the district needs to recall teachers to open sections and avoid busing students outside their home schools. Members emphasized that recalls must be timely because teachers could accept other employment. The superintendent said there is an extensive recall list that can expedite rehires if needed.
District staff (referencing capital vs. operating) said operating savings helped reduce the draw from fund balance, but capital commitments accounted for most of the net reduction. The committee asked staff to include more detailed reimbursement information — whether projects would be eligible at the district’s typical 35% reimbursement or a 50% level — and staff said they would report back by the July 15 meeting.
Committee members agreed to place budget follow-up items on the next agendas so the committee can act quickly if enrollment or funding changes warrant recalls or other adjustments.
