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Finance update: Easton Public Schools reviews $2.7M in revolving funds and flags narrow FY27 net school spending margin
Summary
Director Spagna presented a review of 21 revolving funds totaling about $2.7 million (excluding lunch), warned against using these funds for recurring salaries, and said the district's FY27 net school spending margin is about $227,000, requiring careful fiscal management.
At the May 14 school committee meeting, Director Spagna presented a detailed review of the district's active revolving funds and an FY26 budget update.
Spagna reported roughly $2.7 million held across 21 active revolving accounts (report run May 3), excluding the lunch fund. He highlighted major balances and uses: the special education revolving fund (funded by Pre-K tuitions and related receipts) stood at…
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