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Metuchen Board reviews audit, sets 2026–27 budget calendar and approves routine agenda items
Summary
The Metuchen Board of Education reviewed a 2024–25 audit that identified two findings on payroll reconciliation and excess food-service cash, set key 2026–27 budget-calendar dates, discussed using ESIP/solar to offset capital needs, and approved personnel, finance, policy and curriculum agenda items by roll call.
The Metuchen Board of Education on Jan. 27 reviewed the district's 2024–25 audit, discussed the 2026–27 budget calendar and approved routine personnel, finance, policy and curriculum items.
Auditors presented a balance-sheet snapshot as of June 30, 2025, and highlighted several reserve and fund balances. "Capital reserve, we have 4,700,000.0," the auditor reported, followed by a maintenance reserve of 1,100,000.0 and designated balances of 2,600,000.0 for the 2025–26 budget and 1,600,000.0 for 2027–28. Year-end encumbrances were listed as 346,000 and unassigned (free) balance as 1,300,000.0. The auditor noted two findings and related recommendations: salary-reconciliation errors and mismatched fund splits…
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