Budget Transfers Reviewed Amid Funding Concerns
At a glance
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The committee reviewed $16,232 in budget transfers and reported that year-to-date finances were moving closer to balance, while warning that uncertain grant funding could affect the budget. Members also questioned underfunding of the $161,000 workers’ compensation fund.
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What this means
The transfers were intended to keep budget lines balanced and reflect grant availability. Officials said the final amounts of the ESC and Special Education Excess Cost grants remain uncertain, which could increase pressure on the school budget. The proposed two-year football co-op with three other high schools was reviewed but requires a written agreement and further Board approval.
Key decisions
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- Approved the December 17, 2025 Finance and Audit Committee minutes.
- Reviewed $16,232 in budget transfers to balance budget lines and adjust for grant availability.
- Requested a written version of the proposed two-year football co-op agreement for Board approval.
- Reviewed the preliminary 2026-2027 budget work and corrected budget-development calendar.
- Planned to keep state representatives informed about the budget impact of underfunding the Special Education Excess Cost grant.
- Continued discussions with the Town regarding the $161,000 workers’ compensation fund.
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