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Board hears financial update; staff report projected $177,003.96 year‑end fund balance and open encumbrances
Newfields School Board · April 3, 2026
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Summary
School business staff reported a projected year‑end fund balance of $177,003.96, noted additional recent encumbrances and flagged a maintenance‑salary coding issue tied to cooperative services that staff will reclassify before finalizing year‑end figures.
At the meeting, the board received a financial update noting remaining pre‑board‑pack expenses of $191,155 and an additional $35,959 spent in the previous month. Financial staff said purchase orders remain open and projected a fund balance at fiscal year‑end of $177,003.96; they warned…
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