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Board hears finance report: $156,562 returned last year; medical fund reaches $2 million target
Summary
Finance committee reported a $156,562 year-end return to the town, progress toward a $2 million medical fund threshold and discussions about encumbrances, paraeducator staffing and a potential 10-month employment option.
The board—s finance report noted Ellington Public Schools returned $156,562 to the town from last year—s budget and that the district—s self-insured medical fund has reached about $2,000,000, a level staff described as a prudent buffer. "We were able to return to the town $156,562," Steve (board member) told the meeting, and the committee said the town—s fund balance looks healthy enough that…
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