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Committee backs revised line-item-transfer policy, agrees to lower emergency cap to 2%
Summary
The Policy Committee recommended policy p3160 for the Board's first reading after administration explained the update to mirror budget categories and statutory requirements; members agreed to simplify wording and lower the draft model policy's 5% emergency-transfer cap to 2%.
Rita, the administration lead on finance, presented policy p3160 to the Groton Policy Committee on March 10, describing the policy as an update to align district practice with statutory categories and the district's budget book. "This is part of the recommendations from the ops review as well, to follow the statute, which is, by transferring line items by categories," Rita said.
Members discussed terminology (whether to call preliminary figures an "itemized estimate" or simply…
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