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Committee hears optimistic financial update; names authorized signer for payroll and warrants
Summary
Business manager Steve Mark reported the district remains in good fiscal shape through June 30 and may prepay some special-education tuition; the committee designated one authorized signer for payroll and accounts-payable warrants via DocuSign.
Business manager Steve Mark told the school committee the district is financially sound through the fiscal year ending June 30, reporting sufficient funds to support operations and the ability to prepay some special-education tuition and to reinvest excess into building projects if appropriate.
Committee members clarified that although special-education tuition spending stood at roughly 52% year-to-date, some high-cost placements were reduced, lowering expected year-end expenditures and freeing funds for prepayments or capital work.
The committee then reviewed a town request to designate a single authorized signer for payroll and accounts‑payable warrants (historically the chair). After discussion, a committee member moved and the body approved a motion naming the authorized signer for DocuSign review of payroll and warrants going forward.
Members noted the authorized review process allows drill-down into invoices and that the district will continue to answer questions from committee members about specific expenditures.
