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Laconia council approves $757,000 to cover school insurance assessment and transfers $400,000 to capital reserve
Summary
The Laconia City Council voted unanimously to approve a $757,000 supplemental appropriation to cover a SchoolCare assessment and separately approved a $400,000 transfer of FY25 fund balance to school capital reserves. The school business administrator said the assessment was an unexpected result of the pool—s negative reserve balance.
The Laconia City Council on Nov. 10 approved a $757,000 supplemental appropriation to cover a special assessment levied against the Laconia School Department and separately authorized the transfer of $400,000 of FY2025 fund balance into the district—s capital reserve funds.
Diane Clary, business administrator for the school district, told the council that SchoolCare, the schools— insurance pool, "used up all the reserves and went into the…
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