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Danbury finance committee: April spending near $15.2M; $1.6M pharmacy rebate credited to benefits
Summary
At a May finance committee meeting, CFO Mike Weaver reported April general‑fund expenditures of about $15.2 million, year-to-date spending of roughly $115.4 million with $43.2 million encumbered, and a $1.6 million pharmacy rebate from Cigna negotiated through Gallagher that was posted as a credit to employee benefits.
Mike Weaver, chief financial officer for the Danbury School District, presented the district’s financials for the period ending April 30, 2025, saying the general fund’s April expenditures were about $15,200,000 and year‑to‑date spending was about $115,400,000 with roughly $43,200,000 encumbered against a $160,000,000 general‑fund budget.
The report said the district is actively reviewing encumbrances on a weekly basis to confirm legitimacy and that misstated personnel coding from earlier implementations is being corrected. Weaver described a multi‑month reclassification effort moving staffing costs between grant and general funds and correcting personnel charge codes; the biggest single reclassification recently moved paraeducators from a purchased‑services line into salary lines so those W‑2 employees are coded correctly.
Bridget (staff member) explained a pharmacy rebate negotiated by Gallagher, the…
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