Concord School District finance committee reports $2.8M carryforward, taps trust funds for one‑time costs and moves to non‑public session

The Concord School District finance committee reviewed unaudited FY2025 results on Sept. 22 and confirmed a year‑end general fund carryforward of $2.8 million, staff told the committee.

Jack Dunn, who presented the report, said auditors were on site and the $2.8 million figure was unaudited but was the amount the district expects to carry forward into FY2026. He said the district used several trust funds and one‑time resources to reach that balance and that staff will present a full accounting to the board for formal approval.

Dunn said the district relied on one‑time and trust fund withdrawals to cover shortfalls and unusual costs. He reported that insurance proceeds from a totaled bus were placed in the school building maintenance fund and that $379,769.47 was recorded as taken from that building maintenance fund to help cover expenses; other trust fund withdrawals were used for instructional materials, dental costs and special‑education expenses. Dunn said some numeric details in his on‑the‑record explanation were not fully spelled out and that staff will provide a clearer, itemized report to the board.

The presenter emphasized several…