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Subcommittee advances revolving‑funds policy, proposes non‑general fund guidebook
Summary
A North Middlesex Regional School District subcommittee moved a new revolving‑funds policy to the full school committee for first reading and discussed creating a non‑general fund guidebook to set target balances and spending guidance for revolving accounts.
The North Middlesex Regional School District policy subcommittee voted to send a new revolving‑funds policy to the full school committee for a first reading after discussing a proposed non‑general‑fund guidebook to govern balances and spending rules for revolving accounts.
Speaker 1, an unidentified subcommittee member, introduced the draft as “a brand new policy” adapted from other districts and said the guidebook would help “give guidance to Nancy and Kevin on what we expect to be kept in those funds and how they're how we would like to see them spent.” The policy calls for creating a guidebook that would be updated…
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