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Board reviews 4-year budget planning; accepts donations and approves debt transfers
Summary
Business Manager Michael Brennan reviewed 4-year budget projection work and the board approved modest donations from Hannaford Helps Kids ($1,137) and TEMPO ($892), corresponding budget increases, and transfers related to serial bond and bus BAN principal/interest.
Business Manager Michael Brennan presented the board with the district's upcoming budget work including a 4‑year projection and a rollover budget presentation, and flagged several financial items on the consent agenda.
At the consent agenda the board accepted a $1,137 donation from Hannaford Helps Kids (allocated across three appropropriation codes) and a $892 donation from TEMPO to the Middle School; it also accepted a $1,428 donation to the Primary School from Hannaford Helps Schools. The board approved budget increases tied to those gifts and authorized budget transfers moving $294,964 from serial bond principal to bus BAN principal and $85,670 from serial bond interest to bus BAN interest.
Brennan and the board also outlined the budget-development calendar through the May 20, 2025 vote and election. No final budget was adopted at this meeting; the transfers and gift acceptances were approvals to be recorded in the 2024–2025 budget.
