SAU finance report: $126K ending balance; board sets aside $50,000

Heather Sherwood, the SAU finance presenter, reviewed FY26 expenditures and revenues and explained the ending fund balance. She told the board, "Ending fund balance is a 126. That is, 50 carried over from the prior year... So the 76 is largely made up from indirect costs and preschool, tuition payments." The figures led to a motion to set aside $50,000 under SAU policy to be used to offset forthcoming apportionments.

The board approved the set-aside by motion (moved by Todd, seconded by Joyce). Members discussed the possibility of revisiting the amount if new assessments (for example, from school-care programs) surface before the November public hearing. The set-aside will be reflected in the SAU budgeting work and communicated to each district as part of the apportionment conversation.