Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Nantucket schools report higher third-quarter expenditures, lunch program returns to small positive balance
Summary
CFO Martin Angelov reported third-quarter spending about $2 million higher than the prior year, payroll up roughly $1.17 million, and a school-lunch fund swing to a roughly $22,000 positive balance after a prior-year deficit of about $92,000; the district is monitoring utility, leasing and maintenance cost increases.
Martin Angelov, chief financial officer for Nantucket Public Schools, told the committee on April 14 that district expenditures as of the end of the third quarter were roughly $2,000,000 higher than the prior year and that payroll expenses increased by about $1,170,000.
"Budgets are about the same where they were last year. Total budget is at 70%…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
