[SchoolFinance] Interest earnings in municipal school districts

[Gretchen Gardner]

The City of Brewer manages the cash for the school and we don't directly
get any portion of the interest income that is earned.


*Gretchen Gardner*
Director of Business and Finance
Brewer School Department
261 Center Street
Brewer, ME  04412

*207-989-3160*


On Tue, Dec 16, 2025 at 1:12 PM Field, Stacie <sfield at rsu16.org> wrote:

> When my RSU was a School Union of three towns, they never gave us any
> interest.
> When I worked for a single municipality (Jay), they never gave the school
> any interest.
>
> To take things one step further, a former superintendent argued that the
> towns raise and collect taxes for the school once a year, yet only pay out
> 1/12th per month to us, with no interest on those funds either. (Good luck
> with that one, but it is interesting.)
>
> Stacie Field
> Business Manager
> RSU 16 - Poland, Mechanic Falls, Minot
> 207.998.2727 ext 102
>
>
> On Tue, Dec 16, 2025 at 12:44 PM Adam Hanson <
> ahanson at lewistonpublicschools.org> wrote:
>
>> Good afternoon,
>> For those of you in municipal school districts where the town/city holds
>> all of the cash, do you earn interest on your share of those funds?
>> If so, how is that interest calculated and allotted to you?
>> Thank you.
>>
>> --
>> Adam Hanson
>> Controller
>> Lewiston Public Schools
>> 36 Oak Street
>> Lewiston, ME 04240
>> Phone: (207) 795-4100, ext. 4051
>> Fax: (207) 795-4177
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