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SAU41 board authorizes up to $85,000 from unassigned fund balance amid new state law concerns
Summary
Facing a projected $78,115 year‑end shortfall, SAU41 approved spending up to $85,000 from its unassigned fund balance to cover anticipated deficits; board members discussed a pending state bill (House Bill 564) that could force return of unassigned SAU funds to member towns.
SAU41 governing board members voted to authorize the expenditure of up to $85,000 from the SAU’s unassigned fund balance to cover an anticipated year‑end deficit estimated at about $78,115.
At the public hearing that preceded deliberations, the business administrator described key drivers of the projected deficit: approximately $40,000 tied to overlap costs for the technology…
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