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Lewiston‑Porter board approves nearly $4.9 million in reserve allocations
Summary
The board approved allocations from several reserve accounts totaling $4,887,471, including a $3,013,711 draw from the capital reserve and detailed line items for ERS, TRS, repair and other reserves.
During its Oct. 28 meeting the Lewiston‑Porter Board of Education approved allocations from multiple reserve accounts with itemized dollar amounts. The action was recorded as NA‑7 and carried 6‑0.
The listed allocations are: ERS Reserve $193,419; TRS Reserve $654,787; Tax Certiorari $163,650; Bonded Debt $242,144; Capital Reserve $3,013,711; Repair Reserve $487,244; and EBLAR $132,516. The total of the line items on the agenda is $4,887,471. The motion was made by President Danielle M. Mullen and seconded by Jack G. Waugaman III.
Board minutes show the allocations were approved as part of routine fiscal management. The transcript does not include detailed project‑level spending plans tied to each reserve draw; those would typically be reflected in follow‑up budget documents.
