Dennis‑Yarmouth reports FY25 closeout, $809,666 year‑end balance; E&D certification to follow

Dr. Gilson, who presented the FY25 budget summary, told the Dennis‑Yarmouth Regional School Committee that the district closed the year with nearly all funds expended and roughly 1% of the operating budget remaining.

“We ended with 1% of the budget remaining after the full year,” Dr. Gilson said and later identified the year‑end balance on the screen as roughly “809666.” He explained one lingering encumbrance in the ledger was tied to a retiree’s health‑insurance premium after that retiree passed away and that the district was working with Tyler Technologies and auditors on next steps.

On revenue, Gilson said the district received all Chapter 70 aid and unexpected McKinney‑Vento (homeless transportation) reimbursement of about $169,000. School committee members and Dr. Smith discussed how the revenue numbers combine with underruns to produce excess and deficiency (E&D) that must be certified by state processes.

Dr. Smith (superintendent) said the district anticipates roughly $1.8 million in excess and deficiency after accounting for operating moves made earlier in the year and one‑time uses for debt service and capital stabilization: "the district, remained roughly $1,800,000 in excess of deficiency" pending certification in February–March. He credited a conservative hiring freeze earlier in the year for part of the savings and said business‑office staff are producing a tighter FY27 projection.

Committee members asked for clearer line‑by‑line explanations and for continued outreach to FinCom and select boards. Gilson said the district is reviewing athletic account consolidation and personnel roll‑forwards to avoid redundancy in account lines and to make forecasting easier.

The committee did not vote on fiscal policy changes at the meeting; Dr. Smith said E&D certification and the January budget calendar will determine how the committee frames spending priorities in the coming weeks.