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Board approves FY24 final revision and accepts summer donations; treasurer says audit will finalize year-end figures
Summary
Board accepted donations for summer programs and approved the final FY24 budget revision presented as a best estimate pending the audit; discussion noted higher-than-expected interest income and that the final fund-balance amount remains to be confirmed by the audit.
The Melrose Public School District board voted to accept summer donations for athletics and other programs and approved a final revision to the fiscal year 2024 budget, with the treasurer emphasizing the numbers represent a soft close pending the district audit.
Treasurer explained the June close is provisional and that additional revenues and expenses remain to be recorded through the audit. The board heard that interest income exceeded expectations and that some long-term facility maintenance projects shifted into the next fiscal year, affecting expense timing. One speaker referenced an apparent $550,000 surplus in comments but staff cautioned that final fund-balance figures will be determined only when the audit is complete; staff said last year’s fund-balance contribution was roughly $30,000 as a point of comparison.
The board moved, seconded and approved acceptance of donations and the final FY24 budget revision. No specific vote tallies by member name are recorded in the transcript.
Ending: The treasurer will finalize year-end numbers with the audit and report back to the board; program sponsors were thanked for donations.
