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Nashoba closes FY25 with near $410,400 operating surplus; budget committee urges building E&D reserve
Summary
Finance director Ross Mulcahren reported an unaudited FY25 operating surplus of roughly $410,397 and revenue over expectations of $959,098; the budget and warrant subcommittee recommended reducing annual reliance on excess-and-deficiency funds by $200,000 per year to build a more resilient reserve.
Finance and operations director Ross Mulcahren presented an unaudited FY25 final operating report to the Nashoba Regional School Committee on Oct. 22, saying the district ended fiscal 2025 with an operating surplus and higher-than-expected revenue.
Mulcahren said the FY25 expense side produced an overall surplus of approximately $410,397 and that revenue came in about $959,098 over expectations. He noted expense pressures in several cost centers — specialized transportation, school-choice and charter tuition outflows, and substitutes — and that special-education costs were…
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