SAU 21 Article 5: To see if the School District will vote to raise and appropriate $75,000 to be added to the existing Special Education Expendable Trust Fund, with up to $75,000 to be funded from the June 30, 2020 unassigned fund balance available for transfer on July 1, 2020. No additional amount to be raised from taxation. (Majority vote required.)
What it means: Article 5 is a continuation of a policy to set aside surplus funds in a designated account to cover unanticipated mandated expenses to assist our students with special needs. Funding for the Special Education Expendable Trust comes from any potential available year-end fund balance; no additional taxation is required.
Those in favor say: The Special Education Expendable Trust was established for the purpose of funding unanticipated special education costs. As such, it is beneficial to replenish the Special Education Expendable Trust to safeguard and mitigate future unexpected costs. The target for the fund is $400,000, which has been updated to reflect increased out-of-district placement costs. The current balance is $319,325.
Those against say: No one spoke against this Article at Deliberative Session.
Fiscal Impact: No additional amount to be raised from taxation.