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District finance update: general fund balance about $44,560; special-education trust eyed as contingency
Summary
The finance update showed a slim general fund balance and explained possible next steps — including a public hearing — to access the special-education trust if out-year special-education costs exceed the operating budget.
The Weare School District's finance briefing on May 20 reported a narrow general fund balance and laid out contingency planning in case special-education costs push the district over budget.
"We are now at a general fund balance of $44,559.71," said Chris, a district staff member handling finance. The board heard that recent Medicaid revenue arrived above projection by about $4,300, which helped offset other late-arriving local revenue shortfalls. Finance staff said the district has been operating under a partial spending freeze and…
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