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RSU 4 finance report: revenues, audit extension and bus‑garage savings
Summary
Finance committee reported year‑to‑date general fund revenues of $13,328,442.19 and expenses of $12,177,462.01 plus encumbrances; the 2025 audit was extended to March and the in‑house bus garage mechanic is projected to reduce maintenance costs, from roughly $125,004.22 to about $103,000.
The RSU 4 finance and facilities committee presented year‑to‑date revenue and expense figures and updates on audits and capital planning.
The committee reported general fund revenues of $13,328,442.19 (57.61% of anticipated revenue) and general fund expenditures of $12,177,462.01 plus encumbrances (53.52% of the budget). Adult education and school nutrition line items were reviewed; adult education revenue was reported as $69,469.98 year‑to‑date and school nutrition revenue as $430,543.25 (percentages and numeric formatting taken from the committee report in the packet).
The committee said the RSU 4 audit for 2025 has been extended until March and auditors will present the final audit to the board in March because a few items remain to be finalized.
On facilities and transportation, the committee reported progress on a five‑year capital plan and said maintenance and food‑service repair lines are approaching their budgeted maximums for 2026. The committee also highlighted savings associated with having an in‑house bus mechanic and keeping buses inside: maintenance costs for buses were reported as approximately $125,004.22 last year and around $103,000 this year, producing significant savings and reducing driver overtime for bus cleaning.
The committee indicated RFPs for related maintenance and procurement were opened and that staff will share more details when vendor selection is finalized. The committee did not present a final capital project list or vendor award at this meeting.
