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Somersworth City Council allows school district to keep surplus
SOMERSWORTH – The City Council voted to allow the Somersworth School Board to keep $419,671 of its more than $432,000 surplus of fiscal year 2021 appropriated funds.
Typically, any unused funds go back to the city s general fund and the school district would have to request a special supplemental appropriation. Pre-COVID, there was little surplus typically left at the end of the year. The challenges faced in both this fiscal year and last due to the pandemic, have led to this unprecedented surplus. What this is allowing them to do, which we ve never done before, is to allow the school department to anticipate what the unspent funds unanticipated revenues will be in advance of their final budget preparation and show that as revenue on their ledger, City Councilor and Deputy Mayor David Witham told the council.