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School committee approves transfers from additional revenues; auditors to deliver FY22 report
Summary
Committee authorized several housekeeping transfers from additional revenues into multiple budget series and heard an update that FY22 audits and single audits are near completion; the transfer motion passed unanimously.
At the July 10 meeting the school committee voted to authorize the administration to transfer specified sums from additional revenues into multiple budget series as routine housekeeping to balance accounts.
The motion, as presented in the meeting packet, authorized transfers including (verbatim from packet text provided at the meeting) transfers of "380,343 to the 1000 series administrative expense; 127,760 to 2000 service and structural expense; 489,660 to 300 series other student services; 470,374 to 4000 series building and maintenance; and 225,852 to 5000 series benefits and lease equipment." The motion was seconded and passed by voice vote with all present saying "aye."
The business office also reported that the FY22 general audit and single audits (grants and food services) are nearing completion; auditors experienced delays outside the district and a findings report is expected by the end of the month.
Next steps: transfers were authorized and will be implemented by the administration; the audit report will be presented to the committee when available.
