Get AI Briefings, Transcripts & Alerts on Local & National Government Meetings — Forever.
Adjusted FY28 warrant down slightly; business administrator reports $745,716 projected retained fund balance
Loading...
Summary
Committee chair Darlene Mann said the district's adjusted warrant totaled $33,493,837 after changes at the annual meeting; business administrator Lance reported a projected retained fund balance of $745,716 driven by underruns in regular and special education.
The Hollis/Brookline cooperative's adjusted FY28 warrant fell modestly after the district meeting, committee Chair Darlene Mann said. "dropped by, a few thousand dollars to $33,493,837," she told members, describing the change as moving the overall increase from about 4.2% to roughly 4.1%.
Mann said the co-op's share of the change was about $9,600 and that the estimated tax-rate impact would be negligible — roughly 0.5¢ per $1,000 for Hollis and about 0.7¢ per $1,000 for Brookline — amounts the committee characterized as within rounding error.
Lance, the business administrator, gave the financial update and said projected retained fund balance stood at $745,716. He attributed much of that balance to expense underruns, including about $323,000 in regular education driven by hiring savings and fewer lane changes, plus additional special-education and transportation savings.
Lance said revenues were slightly over budget and cautioned that some items could change as unreserved fund balances, final revenues and valuations are finalized in the fall. He also noted several pending state bills could affect how defaults and petition articles are treated in future budget cycles.
The committee accepted the update and asked staff to continue producing links and documentation (contracts, audit history) for members and the public.
