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RSU 25 board approves transfer of FY23 unallocated reserves into voter‑approved accounts
Summary
The RSU 25 school board voted unanimously to transfer fiscal‑year 2023 unallocated reserve funds into established reserve accounts up to the amounts validated by the district referendum: capital reserve $300,000; special education reserve $50,000; fuel reserve $50,000; curriculum reserve $10,000.
The RSU 25 school board voted to transfer fiscal‑year 2023 unallocated reserve funds into the district’s established reserve accounts, using the amounts approved by voters in the validation referendum.
Board members moved to allocate up to $300,000 to the capital reserve, $50,000 to the special education reserve, $50,000 to the fuel reserve and $10,000 to the curriculum reserve. A motion and second were called and the board approved the transfers; the chair characterized the vote as unanimous.
Why it matters: The transfers put already‑available audit‑year funds into the specific reserve accounts voters authorized. Board members said the district now has a completed FY23 audit and the transfers are an administrative step to align balances with the referendum’s allocations.
What the board said: The chair asked for the motion to support the listed amounts and, after discussion about the audit timeline, noted the audit returned with only minor findings and that the work to reconcile starting numbers delayed the finalization. Board member Katy was thanked for work on the audit process.
Next steps: With the board’s approval the district will make the transfers consistent with the voter‑approved amounts; no additional approvals were noted at the meeting.
(Reporting drew on the board’s consideration and vote to transfer FY23 unallocated reserves into named reserve accounts.)
