<div dir="ltr"><div>Scarborough total at 6/30/24 was 5.89%, but we had designated some for FY25 revenue - undesignated was 3.47%.</div><div><br></div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div dir="ltr">Kate Bolton</div><div dir="ltr"><font face="arial, sans-serif" color="#000000">(she/her/hers and <a href="https://www.mypronouns.org/what-and-why/" target="_blank">here's why</a>)</font><br><div>Director of Business & Finance</div><div>Scarborough Public Schools</div><div>Tel: 207-730-4114</div><div><br></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote gmail_quote_container"><div dir="ltr" class="gmail_attr">On Thu, Apr 10, 2025 at 10:54 AM Gravelle, Paula B <<a href="mailto:Paula.B.Gravelle@maine.gov">Paula.B.Gravelle@maine.gov</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 class="msg5825525510143986408">
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<p class="MsoNormal">Carla,<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Yes there is a proposed bill to keep it at 9%, but that will have to go through the legislative process and be enacted before it can be enforced.<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Current law restricts it to 5% at this time.<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">FYI: here is a link to LD 1103: <a href="https://legislature.maine.gov/backend/App/services/getDocument.aspx?documentId=112830" target="_blank">
https://legislature.maine.gov/backend/App/services/getDocument.aspx?documentId=112830</a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Sincerely,<u></u><u></u></p>
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<p class="MsoNormal"><span>________________________________________<br>
<br>
<b>Paula Gravelle</b><br>
Director of Public School Finance <br>
Maine Department of Education<br>
23 State House Station<br>
Augusta, Maine 04333-0023<br>
<b>Email: </b><a href="mailto:paula.b.gravelle@maine.gov" target="_blank"><span style="color:rgb(0,112,192)">paula.b.gravelle@maine.gov</span></a>
<br>
<b>Phone</b>: 207-624-6792</span><u></u><u></u></p>
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<p class="MsoNormal"><img border="0" width="192" height="70" style="width: 2in; height: 0.725in;" id="m_5825525510143986408Picture_x0020_4" src="cid:ii_1963549d7544ce8e91"><span><u></u><u></u></span></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><b><span style="font-size:11pt;font-family:Calibri,sans-serif">From:</span></b><span style="font-size:11pt;font-family:Calibri,sans-serif"> SchoolFinance <<a href="mailto:schoolfinance-bounces@maillist.informe.org" target="_blank">schoolfinance-bounces@maillist.informe.org</a>>
<b>On Behalf Of </b>Carla Franzose<br>
<b>Sent:</b> Thursday, April 10, 2025 10:27 AM<br>
<b>To:</b> Moderated information sharing for school business managers <<a href="mailto:schoolfinance@maillist.informe.org" target="_blank">schoolfinance@maillist.informe.org</a>><br>
<b>Subject:</b> Re: [SchoolFinance] Undesignated Fund Balance<u></u><u></u></span></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal" style="margin-bottom:12pt"><b><span style="font-size:11pt;color:crimson">EXTERNAL: This email originated from outside of the State of Maine Mail System. Do not click links or open attachments unless you recognize
the sender and know the content is safe.</span></b><u></u><u></u></p>
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<p class="MsoNormal">But isn't there a proposed bill, LD 1103, that proposes to allow the threshold to stay at 9% that applies to all future fiscal years?
<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">Carla<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">On Thu, Apr 10, 2025 at 9:10<span style="font-family:Arial,sans-serif"> </span>AM Gravelle, Paula B <<a href="mailto:Paula.B.Gravelle@maine.gov" target="_blank">Paula.B.Gravelle@maine.gov</a>> wrote:<u></u><u></u></p>
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<p class="MsoNormal"><span style="font-size:11pt">Hello All,</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">Given the current conversation here is a reminder of the current statute for unallocated fund balances</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">As always, we recommend you seek guidance from either legal counsel and/or your auditor.</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">Here is a copy of the specific statute:
</span><span style="font-size:11pt;font-family:Calibri,sans-serif"><a href="https://www.mainelegislature.org/legis/statutes/20-A/title20-Asec15689-B.html" target="_blank"><span style="color:rgb(5,99,193)">Statue is 20-A 15689-B, 6.</span></a></span><u></u><u></u></p>
<p class="MsoNormal"> <u></u><u></u></p>
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<b><span style="font-family:"Times New Roman",serif;color:black;letter-spacing:-0.4pt">6. Balance of allocations. </span></b><span style="font-family:"Times New Roman",serif;color:black;letter-spacing:-0.4pt">Notwithstanding any other law, general operating
fund balances at the end of a school administrative unit's fiscal year must be carried forward to meet the unit's needs in the next year or over a period not to exceed 3 years. Unallocated balances in excess of 5% of the previous fiscal year's school budget
must be used to reduce the state and local share of the total allocation for the purpose of computing state subsidy. School boards may carry forward unallocated balances in excess of 5% of the previous year's school budget and disburse these funds in the next
year or over a period not to exceed 3 years. For fiscal years 2021-22, 2022-23, 2023-24 and 2024-25 only, unallocated balances in excess of 9% of the previous fiscal year's school budget must be used to reduce the state and local share of the total allocation
for the purpose of computing state subsidy and school boards may carry forward unallocated balances in excess of 9% of the previous fiscal year's school budget and disburse these funds in the next year or over a period not to exceed 3 years. </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:"Courier New";color:black;letter-spacing:-0.4pt;background:rgb(231,244,255)">[PL 2021, c. 213, §1 (AMD).]</span><u></u><u></u></p>
<p class="MsoNormal"><b><span style="font-size:11pt"> </span></b><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2020-21 = May carry forward Unallocated Balance up to 5% of previous fiscal year’s school budget</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2021-22 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2022-23 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2023-24 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">FY 2024-25 = May carry forward Unallocated Balance up to 9% of previous fiscal year’s school budget</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt;color:black;background:yellow">FY 2025-26 onward = May carry forward Unallocated Balance up to 5% of previous fiscal year’s school budget</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">I hope this helps.</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:11pt">Sincerely,</span><u></u><u></u></p>
<p class="MsoNormal"> <u></u><u></u></p>
<div>
<p class="MsoNormal">________________________________________<br>
<br>
<b>Paula Gravelle</b><br>
Director of Public School Finance <br>
Maine Department of Education<br>
23 State House Station<br>
Augusta, Maine 04333-0023<br>
<b>Email: </b><a href="mailto:paula.b.gravelle@maine.gov" target="_blank"><span style="color:rgb(0,112,192)">paula.b.gravelle@maine.gov</span></a>
<br>
<b>Phone</b>: 207-624-6792<u></u><u></u></p>
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<p class="MsoNormal"><img border="0" width="192" height="70" style="width: 2in; height: 0.725in;" id="m_5825525510143986408m_-7704451875935412642Picture_x0020_4" src="cid:ii_1963549d7544ce8e91"><u></u><u></u></p>
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<p class="MsoNormal">On Tue, Apr 8, 2025 at 10:44<span style="font-family:Arial,sans-serif"> </span>AM Carla Franzose <<a href="mailto:cfranzose@carrabec.org" target="_blank">cfranzose@carrabec.org</a>>
wrote:<u></u><u></u></p>
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<p class="MsoNormal"><span style="color:black">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><u></u><u></u></p>
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<p class="MsoNormal"><span style="color:rgb(136,136,136)"> </span><u></u><u></u></p>
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<p class="MsoNormal"><span class="m_5825525510143986408m-7704451875935412642gmailsignatureprefix">--
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<p class="MsoNormal">Carla Franzose<u></u><u></u></p>
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<p class="MsoNormal">Business Secretary, RSU 74<u></u><u></u></p>
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<p class="MsoNormal">_______________________________________________<br>
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<p class="MsoNormal">_______________________________________________<br>
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<p class="MsoNormal"><span class="m_5825525510143986408gmailsignatureprefix">-- </span><u></u><u></u></p>
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<p class="MsoNormal">Carla Franzose<u></u><u></u></p>
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<p class="MsoNormal">Business Secretary, RSU 74<u></u><u></u></p>
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