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Scotland Board approves financial report; notes unanticipated outplacement cost
Summary
The board unanimously approved the financial report April 7, noting an unanticipated outplacement expense to be charged to the Non-Lapsing Fund and discussed budget-savings through staffing changes that reduced a $253,000 projected increase to $93,000.
The Scotland Board of Education approved the financial report unanimously at its April 7 meeting after staff flagged an unanticipated outplacement expense the district plans to cover from its Non-Lapsing Fund.
Finance Coordinator Michele Demicco reported the outplacement cost and answered a question from Clark Stearns about reassigning an overage in account 59100 (Other Salaries — Business Office) between forecast categories. Clark Stearns moved to approve the Financial Report; Michael Gile seconded and the motion carried unanimously (motion #2-25/26).
Superintendent Valerie Bruneau and board members discussed budget revisions that reduced a previously projected $253,000 increase to $93,000. The reduction reflects anticipated savings from not renewing a Special Education position and from retirements; board members said they will continue to look for additional savings.
The board recorded that staffing adjustments and outplacement costs will be tracked and that the finance coordinator will report back as needed.
