Committee recommends revised MOU allowing school carryforward funds be retained under specified conditions
Finance Committee reviewed a redlined MOU with Winchester Public Schools that relies on a recent state-code change allowing schools to retain end-of-year unspent funds in designated buckets; the committee forwarded the MOU with a recommendation for approval, noting continued annual reporting and audit triggers.
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The Winchester City Finance Committee on Aug. 6 forwarded a revised memorandum of understanding (MOU) with Winchester Public Schools to the full council with a recommendation for approval. Mary Blow, deputy city manager, and Superintendent Jason Van Hoeklum presented the redlined MOU and explained it implements a recent state code change that permits schools to retain carryforward funds in designated capital, technology or textbook buckets while preserving council oversight via annual reporting and appropriation.
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