School committee accepts FY26 fourth-quarter report showing near-balanced budget and $3.6M in grants

Pamela Blair, assistant superintendent for business, presented the district's FY26 fourth-quarter 0.25 report and answered committee questions about year-end balances, grants, and revolving accounts.

"Our $36,800,000 budget, we had $36,500,000, expended, and we encumbered $366,005.41," Blair said, and she explained the remaining balance will transfer to the town general fund. She told the committee the district had $3,600,000 in grants (approximately $3.3M expended with $83,008.94 encumbered and an ending balance of $265,043), noting $150,000 of that balance is a fair-share grant earmarked for bleachers. Blair also summarized revolving-account rollovers including a tuition account at $242,000 and a circuit breaker rollover of about $1,400,000.

A motion to accept the FY26 4th 0.25 report was made by Carrie Jarczewski and seconded by William Strother; the committee approved the report by voice vote 4–0. Blair said she will return with the first FY27 0.25 report in a few weeks.