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FY2025 closes with $32,811 unspent; committee recommends $1.88M in year-end transfers to full Board
Summary
The finance subcommittee reviewed FY2025 results showing a $32,811 unspent general fund balance and reviewed year-end budget transfers totaling $1,878,697; the committee recommended approval and forwarding of the transfers to the full Board in accordance with state statutes.
The Regional School District No. 17 Finance Subcommittee reviewed monthly financial reports for the fiscal year ending June 30, 2025. The general fund closed FY2025 with an unspent budget amount of $32,811, and year-end budget transfers totaling $1,878,697 were reviewed by the committee.
The subcommittee recommended approval of those year-end transfers and to send them to the full Board for formal approval "in accordance with State Statutes," per the meeting record. The recommendation to forward the transfers was recorded for consideration at the full Board meeting.
