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Committee hears mid‑year financial report showing pressure in contracted services and revolving accounts
Wakefield School Committee · April 15, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The committee reviewed July 1, 2025–March 31, 2026 finances: available budget ~$771,189; contracted services and pupil transportation over budget due to special education costs; grants have about $200,000 remaining; revolving accounts hover near $3 million.
Kevin presented the district’s financial report for July 1, 2025–March 31, 2026, telling the school committee the available general fund balance is roughly $771,189 and that two lines—pupil transportation and contracted services—are "dramatically over budget" in part because of rising special…
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