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Swampscott School Committee approves FY25 reconciliations and intra‑district transfers
Summary
The committee heard an FY25 finance report showing near‑full spending, agreed to return roughly $98,881 to the special‑education reserve, and approved several zero‑impact transfers including $121,699 to district‑wide programming and a $479,466 transfer into special education.
School Committee Chair (name not specified) opened the meeting and asked Miss Stella, the committee’s finance and operations lead, to report on the FY25 closeout.
Miss Stella said the district spent 99.7% of its FY25 appropriation. She told the committee that $200,000 in free cash had been set aside for elementary utilities; $4,017 remained unspent and will be returned to town free cash. She said earlier unemployment estimates that had threatened the budget were offset late in the year when some fraudulent unemployment claims were identified and the district received reimbursements, producing an overall positive result.
Miss Stella said the district had requested $83,617 from the special‑education reserve during the year. After closing…
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