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Finance committee approves over-$25,000 transfers after review of monthly report
Summary
The New London Board of Education Finance & Audit Committee reviewed the district's monthly financial report and unanimously approved line-item transfers greater than $25,000 on Nov. 24, 2025; the committee also approved the Oct. 27 minutes, with the chair abstaining on that vote.
The New London Board of Education Finance & Audit Committee reviewed its November monthly financial report and approved several line-item transfers exceeding $25,000 during a Nov. 24, 2025 meeting held in the New London Public Schools Welcome Center and via Zoom.
Committee Chair Elaine Maynard-Adams called the meeting to order at 6:32 p.m. Rob Funk, the district’s chief financial officer, presented the Monthly Financial Report and indicated the full report is available upon request; the discussion on the record did not include specific line-item amounts.
On routine business, committee member Alisha Blake moved and Susan Hambey seconded approval of the Oct. 27, 2025 Finance & Audit Committee minutes. The motion passed with Blake and Hambey voting in favor and Chair Maynard-Adams abstaining.
Chair Maynard-Adams then moved, and Blake seconded, to approve the line-item transfers over $25,000. The committee approved the transfers unanimously, 3-0. The minutes state that more detailed transfer reports are available in full upon request.
No public comments or committee member comments were recorded. Alisha Blake moved to adjourn; Susan Hambey seconded, and the motion carried, 3-0. The meeting adjourned at 6:53 p.m. The minutes were signed and submitted by Kristea A. Francolino, Manager of Executive Support Services.
Next steps: the committee’s written Monthly Financial Report and the full transfer reports were noted as available upon request; no further actions or referrals were recorded on the public minutes.
