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School committee approves first read of Section D budget policies, refers several items to finance subcommittee

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Summary

The Methuen School Committee approved Section D (fiscal management and budget) on first reading with amendments, removed outdated procedural policies, and referred chargebacks, certain audit and fund-balance items, and charter cross-checks to the finance subcommittee for further review.

The Methuen School Committee voted Oct. 21 to approve Section D of the policy manual (fiscal management and budget) on first reading, adopting many MASC-recommended updates, striking out dated procedural items, and referring specific finance-related items to the finance subcommittee for additional review.

Vice Chair Keegan moved to adopt the amendments the committee discussed and to refer several items — including municipal chargebacks policy (DEA), unexpended school department funds procedures (DIB), and audit/audit-procurement…

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