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School committee approves FY26 second-quarter budget transfers
Summary
The committee approved FY26 Q2 budget transfers after a presentation from the business manager highlighting a McKinney-Vento transportation reimbursement (about $69,009) and a roughly $70,000 surplus return from the Case Collaborative; the transfers passed on roll call.
The School Committee approved the FY26 second-quarter budget transfers after a review from the business manager, who highlighted several adjustments and noted the McKinney-Vento transportation reimbursement of approximately $69,009 and a roughly $70,000 surplus returned from the Case Collaborative. The manager said circuit breaker offsets and other awarded grants will be applied to expenditures when appropriate and that encumbrances will shift to expenses as purchases are completed.
Committee members had no substantive objections and moved to approve the transfers. The motion passed on a roll-call vote; members read their votes aloud in sequence when called.
The committee will continue routine quarterly reviews of transfers and monitor grant applications and encumbrances as the year progresses.
