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Board hears financial update: modest surplus, $3.8M in encumbrances and summer facilities projects including Kegwin transition
Summary
Middletown — The Middletown School District financial report on Tuesday showed a surplus of roughly $200,000 in May and about $3.8 million in encumbrances, while facilities staff outlined summer projects including a Snow School roof replacement and high‑school pool work.
Middletown — The Middletown School District financial report on Tuesday showed a modest operating surplus for May and significant encumbrances reserved for specific projects, while facilities staff outlined several major summer projects and ongoing building needs.
Natalie Forbes, executive director of finance, told the board the May financial statement showed a surplus “of just over $200,000,” an improvement from the prior month. She emphasized the encumbrance column, which the business office shows at about $3.8 million — funds that schools and departments have set…
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