Committee reviews FY2025 state function code transfers totaling several hundred thousand dollars

The Bridgewater‑Raynham Regional School Committee on Aug. 20 reviewed required state function code transfers for fiscal year 2025 that the district must make before the annual audit to reconcile budget estimates with actuals.

Budget staff presented a schedule of transfers and an attached explanation for each movement. The report stressed that these transfers "do not change the bottom line of the budget" but allocate amounts to the correct state function codes before the audit.

Why it matters: State function‑code transfers are routine at fiscal‑year close but must be approved by the committee so the district's accounts align with auditing requirements.

The transfers presented included (amounts as read at the meeting):
- Increase of $101,478.87 to the 1000 series (administration/technology) with a corresponding decrease of $101,478.87 to the 2000 series (instructional services).
- Decrease of $381,018.22 to the 3000 series (other student services).
- Decrease of $132,730.99 to the 4000 series (operations and management).
- Decrease of $107,871.79 to the 5000 series (benefits and fixed charges).
- No change to the 7000 and 8000 series.
- Increase of $621,621 to the 9000 series (grants/other schools).

Budget staff said the detailed reasons for each transfer are included on the attachment to the summary report. The committee heard a motion to approve the transfers; the motion was made and seconded during the meeting.

Next steps: The committee will record the formal vote and transmit the adjusted function‑code schedule to the business office for audit reconciliation.