Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Policy topic
No spam. Unsubscribe anytime.
Canaan BOE rescinds prior transfer and discusses a 2% non‑lapsing fund policy
Summary
The board rescinded a September 9, 2025 motion to transfer $18,066.61 to its Non‑Lapsing 2% fund after a town treasurer review and discussed a proposal to allocate up to 2% of unexpended educational funds to the non‑lapsing fund based on audit completion.
At its June 15 special meeting, the Canaan Board of Education voted to rescind its Sept. 9, 2025 motion that had moved $18,066.61 into the district's Non‑Lapsing 2% fund. Member Maria Bulson made the motion and Treasurer Emily Peterson seconded; the minutes record the rescission as unanimously approved.
Principal Andrew Deacon reported that he and Chair Patricia Mechare met with Town Treasurer Michelle Hansen, who told them the Town of Canaan municipal budget did not assume the BOE would take back unexpended funds into the Non‑Lapsing Fund. Following that update, the board rescinded the prior transfer.
Board members also discussed a procedural policy for future unexpended funds: making a motion to allocate up to 2% of unexpended educational funds to the non‑lapsing fund, without naming a specific dollar amount and conditioned on a completed audit. The minutes record that the board will make a motion to adopt that approach in the future; no specific allocation motion or vote on the 2% policy is recorded in the minutes from this meeting.
The board’s minutes do not spell out how the town budget and BOE non‑lapsing accounting will be reconciled beyond the meeting report, nor do they record any further accounting steps or timetable.
