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Finance director reports FY2024 closeout; committee accepts multiple donations
Summary
The district closed FY2024 within budget, with savings in supplies and a roughly $750,000 food‑service balance; the committee accepted multiple donations to athletics, scholarships and school programs.
Mr. Connelly reported the district closed fiscal year 2024 within budget, identifying savings in supplies and utility costs and prepaying some FY2025 obligations.
He said personnel costs remained within budget despite some attrition and unexpected absences. Special education costs were about 20% higher than budgeted but did not reach the threshold for extraordinary circuit‑breaker reimbursement (25%). The food‑service revolving account closed with about $750,000, which the district plans to spend down on equipment and indirect costs during FY2025.
During routine business the committee accepted numerous donations and sponsorships to support field projects, scholarships, field trips and programs. Gifts approved included, among others, $10,000 from North Reading Little League for baseball bleacher sponsorship, $3,000 donations toward the high‑school bleacher project, and smaller scholarships and PTO contributions; motions were moved and approved in roll call votes.
Committee members asked whether lunch prices will need to change; staff said the district will wait until official reimbursement rates are released in mid‑August and will present any required price adjustments then.
No additional staffing appointments were announced; Dr. Daly reiterated that some staffing reductions had been made given the budget outcome.
