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RSU 40 trustees review early school-year finances; district staff say tuition, MaineCare revenue will lag
Summary
Board members reviewed the district's early fall financials and check register, noting tuition and MaineCare reimbursements are delayed by monthly billing cycles; staff flagged a $3,860 radio purchase and a $24,000 invoice that likely related to software costs. No formal action was taken on finances.
Unidentified Speaker 1 opened a brief financial review at the start of the meeting, asking if there were any items of note for the new school year. Karen, who led the financial update, said cash timing explained current shortfalls: "The only thing to note is we don't have tuitions coming in yet, but that's nothing to panic about," and she added that MaineCare reimbursements also lag because of the billing schedule.
The matter…
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