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Wallingford projects $1.39 million surplus; board discusses using funds for unplanned repairs
Summary
District staff presented an initial 2025–26 projection showing a $1,388,000 surplus driven largely by changes in employee health-plan composition; trustees discussed moving $121,750 from insurance to operations to cover three emergent facilities repairs and agreed by consensus to forward the item to the full board.
Dominic Barone, a finance staff member for the Wallingford School District, told the operations committee Monday that the district’s initial projection for the year shows a $1,388,000 surplus.
"This is our initial projection for the year. We are projecting a $1,388,000 surplus," Barone said, and he walked trustees through the drivers behind that figure: a reduced contingency and a substantial shift in health-plan enrollment.
The projection includes a reduced contingency of $427,000, reflecting an earlier decision to allocate $40,000 for a high-school site project. Barone said the larger factor is changes in the…
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