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East Windsor board hears year-end projections; estimated remainder to stay in district 2% fund
Summary
Finance staff reported end-of-year projections showing a modest estimated remainder that the district will retain in its 2% fund rather than return to the town; staff said ARP receivables (about $107,000) had already been expended and clarified state changes that affect fund management.
The East Windsor School Board on Monday reviewed end-of-year financial projections and heard that the district expects a modest estimated remainder that will remain in its 2% reserve fund rather than be returned to the town.
"At this point that estimated remainder would just stay in the 2% fund," said Ryan, the district finance presenter. He summarized the projection narrative in the meeting packet and said figures remain fluid as staff finalize year-end accounting and FY26 planning.
Ryan also clarified that certain receivables shown on the budget — roughly $107,000 listed under SR3/purchased services — were recorded as receivables at year end and have already been expended; staff have filed the necessary expenditure reports with state and federal authorities, he said.
The presenter said a change at the state level altered how the fund is managed, making it clear the reserve will be administered by the district rather than requiring town approval. "My understanding is that [state finance] did what they needed to do to make that our fund," Ryan said, describing follow-up steps to adjust budget displays and reporting formats.
Board members asked for additional detail and requested the finance subcommittee present a logistics update at its next meeting. Next procedural steps include further committee review and any formatting adjustments to the FY26 budget presentation before the board adopts final figures.
