FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to MOTION to establish a new Board of Education Non-Lapsing Fund in accordance with CGS 171-10-248.
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Background:
1/7/2026 Finance Committee Meeting:
Discussion: Councilor Ryan provided some background explaining that last year the State Legislature adopted a new Public Act #24-45 "An Act Concerning Education Mandate Relief"; which basically obviates the "Resolution Creating a Funding Mechanism for Making Annual Appropriations to a Capital Reserve Fund for the Board of Education". He noted that since 1988 the Resolution allowed for the Board of Education's surplus at the end of the fiscal year to be transferred to their Capital Account to specially be used for Capital Expenses. He stated Public Act #24-45 allowed Connecticut Board of Educations to use Non-Lapsing Accounts to carry over unspent education funds (up to 2% of the prior budget) for future Educational Expenses.
Councilor Ryan went on to explain that it was his understanding that the Board of Education currently does not have "Non-Lapsing Account", noting that a new fund would need to be set-up. School Superintendent Jason Hartling stated that the Board of Education would transfer their budget surplus to their Capital Non-Recurring Fund. However, he noted that per Public Act #24-45 that the funds did not have to solely be used for Capital Expenses, noting that the Public Act stated the surplus funds were to be used for "Future Educational Expenses".
Councilor Ryan stated Public Act #24-45 would take precedent over the 1988 "Resolution Creating a Funding Mechanism for Making Annual Appropriations to a Capital Reserve Fund for the Board of Education" to the extent that it allows the surplus funds to be transferred, noting that the language of Public Act #24-45 stated: "Notwithstanding any existing ordinance; or any existing requirement in a Municipal Charter". However, he stated in accordance with Chapter VII of the Ledyard Town Ch...
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