Source
At the April 9, 2025 Annual Budget Meeting the Board of Finance chair explained how the elementary school's capital projects are funded: "Andover Elementary School Capital Fund. We established this last year, put about $100,000 of seed money in it. This was a problem prior because the elementary school did not have any way to fund major projects... they don't have a means to have a capital fund separately from the town, so we had to set one up in the town." He said the fund was not seeded again this year and is instead fed by the school's own surplus, about $360,000 returned after the audit (~15:46). He added that the surplus flows into the fund only by the town's yearly vote, and that if the town declined to permit it, the money "would then just be absorbed back into the town's funds" (~52:45).