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Quarterly financial report: Milford officials warn special-education and transportation accounts are overrun; 10% contingency set-aside noted
Summary
Business official Mr. Brennan presented the first quarterly financial report (Oct. 1–Dec. 31), noting several special-education-related accounts and transportation/tuition lines exceed 100% used so far and explaining a 10% set-aside in the 6,000 series to cover potential overruns.
Mr. Brennan, the district finance official, reviewed cash disbursements for December and the first quarterly financial report covering Oct. 1–Dec. 31. He explained how encumbrances and period expenditures are presented and highlighted accounts the administration is monitoring.
Key points:
- Several special-education accounts (tuition and associated transportation/related services) are currently above 100% used for the year-to-date period; administration said these overruns reflect student needs that can fluctuate and are being monitored closely.
- The homebound tutoring account showed a small overage (about $6,000), and other related services accounts showed negative balances that staff said they are watching.
- The district holds a 10% set-aside in the 6,000-series accounts (described as a budget set-aside to cover potential special-education overruns). Mr. Brennan clarified this 10% was established in the adopted 2025–26 budget and is in addition to last year’s across-the-board 5% reductions.
Board members asked whether vacancy-driven savings would appear in these reports; finance staff said anticipated savings are reflected as encumbrances and would be clearer later in the year (June reports). Board members also confirmed that afterschool providers cover many half-day childcare needs but not full days off.
Provenance: Quarterly report and disbursement list presented SEG 1667–1957; Q&A and clarifications SEG 1959–2031.
