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District projects modest year-end surplus as revenues outpace expenses, board asks for clearer vacancy accounting
Summary
Finance staff presented an April 18 year-end projection estimating roughly $270,000 in expense savings and about $666,000 in additional revenues.
District finance staff presented a year-end projection showing the district expects a smaller-than-anticipated variance driven by both expense savings and additional revenues.
The business manager Lisa (last name not provided) briefed the board on a projection dated April 18 and said she was “projecting that we're going to have a savings in the expenses of about $270,000” and additional revenues of roughly $666,000. She cited increased secondary tuition, nearly $203,000 in indirect ESSER reimbursements, and about $150,000 in FEMA reimbursements tied to recent flooding as contributors to the revenue side.
Lisa said some of the projected expense savings reflect unfilled positions during the year — examples included an unfilled HHB coordinator position at Barre Town, an unfilled interventionist position at Barre City, and previously unfilled tech integrationist roles. She noted that some vacancies have been filled for the coming year.
Board members asked staff to make clearer distinctions in future reports between temporary savings caused by vacancies and permanent budget reductions. Board member Jackie (last name not provided) and others asked whether potential surplus amounts could be earmarked for priorities in the upcoming budget process; staff said that discussion is appropriate during budget building.
No formal budget action was taken; staff said they will provide narrative explanations for variances over $20,000 and will consider a clearer summary tying savings to vacancies and one-time revenue items.
