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School committee approves transfer of long-held student-activity funds, including $11,559 graduation balance
Summary
Committee authorized recommended transfers to move long-held student-activity account balances (including an $11,559 graduation balance) into active student funds after discussion about origin of the funds, auditing controls, club viability and donor accounting.
The Dracut School Committee voted Dec. 9 to authorize transfers of student-activity account balances to active student funds, including a $11,559.65 balance previously held for graduation costs. The transfers were authorized by roll call: Doctor Judah — Yes; Missus Wilby — Yes; Doctor Bridal — Yes; Missus Shepherd — Yes; Chair — Yes.
Madam Chair introduced the item as a previously tabled matter and noted that "by statute, the committee must approve the transfers." Committee members asked for details about why the graduation balance existed and why it had not been earlier used or cleared. The principal…
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