<div dir="ltr">Andrea, does this article allow you to spend more than the bottom dollar of your budget if needed?<div><br></div><div>Carla</div></div><br><div class="gmail_quote gmail_quote_container"><div dir="ltr" class="gmail_attr">On Thu, Apr 10, 2025 at 10:48 AM Andrea Disch <<a href="mailto:adisch@msad11.org">adisch@msad11.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:garamond,"times new roman",serif;font-size:large;color:rgb(0,0,0)">During last year's Annual Budget Meeting and in years prior,  the following Article was voted and approved by residents.<br>The Article's purpose is to keep the district in compliance with the maximum annual fund balance, as allowed by statute. <br>For FY 2026, the article will be amended to reflect the maximum fund balance allowed. <br><br><br><p class="MsoNormal" align="center" style="text-align:center;margin:0in;font-size:10pt;font-family:"Times New Roman",serif"><b><u><span style="font-size:12pt;font-family:"Californian FB",serif">ARTICLE
18 ESTABLISHES AND AUTHORIZES CONTINGENCY FUND TRANSFERS</span></u></b></p>

<p class="MsoNormal" style="margin:0in;font-size:10pt;font-family:"Times New Roman",serif"><span style="font-size:12pt;font-family:"Californian FB",serif"> </span></p>

<p class="MsoNormal" style="margin:0in 0in 0in 1.25in;text-align:justify;font-size:10pt;font-family:"Times New Roman",serif"><b><span style="font-size:12pt;font-family:"Californian FB",serif">ARTICLE
18:</span></b><span style="font-size:12pt;font-family:"Californian FB",serif">         </span><span style="font-size:11.5pt">Shall
the District authorize the School Board to establish a non-lapsing contingency
fund for periods of financial emergency pursuant to section 1482-B(3) of Title
20-A, and to transfer the District’s unallocated balances in excess of 9% of
the prior fiscal year’s budget, as determined by audit, to that fund; and shall
the District delegate authority to the School Board to expend sums in the
contingency fund when the School Board determines by public vote that an
emergency need exists, and to transfer sums in the contingency fund to the
District’s general fund for use in school operating budgets approved by
District voters?</span><span style="font-size:12pt;font-family:"Californian FB",serif"></span></p>

<p class="MsoNormal" style="margin:0in 0in 0in 1.25in;font-size:10pt;font-family:"Times New Roman",serif"><span style="font-size:12pt;font-family:"Californian FB",serif"> </span></p></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, Apr 8, 2025 at 10:44 AM Carla Franzose <<a href="mailto:cfranzose@carrabec.org" target="_blank">cfranzose@carrabec.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><div><div><span style="color:rgb(0,0,0)">Just wondering if you all could share what % of the previous year's budget is your unallocated fund balance.  RSU 74's is currently at 11.5%</span></div><font color="#888888"><div><br></div></font></div><div><br></div><span class="gmail_signature_prefix">-- </span><br><div dir="ltr" class="gmail_signature"><div>Carla Franzose</div><div>Business Secretary, RSU 74</div></div></div>
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