GrantsandRevolvingAccounts

Our operating budget also contains the use of Revolving Funds and Grants to offset the total costs for FY24 The Revolving Funds are School Committee approved accounts that take in revenue and are used for expenditures For example, our Athletic Revolving account is funded by revenue from user fees and is then used to purchase uniforms, equipment, ice time, etc As an offset, we use a portion of the Athletic Revolving revenue to bring down the annual debt payment on the Track and Field Project Our grants can work in a similar fashion dependent upon the terms and scope of the funds available to the district through specific grants. As a grant use example, we have been using the IDEA 240 Grant to offset our cost for special education transportation and also are able to encumber some of the salaries within our grants. Any positions, or portions of positions, that are funded by grants are not part of the operating budget.