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Cromwell School District approves $577,517.71 transfer to unexpended town fund

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Summary

The Cromwell School District board approved a $577,517.71 transfer to the unexpended town fund to reconcile late reimbursements with the town; board members also approved a separate $1,428 transfer left over from a prior year.

The Cromwell School District Board of Education approved a transfer of $577,517.71 to the district's unexpended town fund to reconcile reimbursements that were not previously reflected on both the district and town accounting records.

Board members voted on the amount after district staff said the figure had been adjusted to match the town's records. “We are down…we've agreed on the number that is remaining is $577,517.71,” Mr. Butwell said. He added the amount “represents 1.51 of our 2425 budget,” and that staff had worked with the town to reach an exact, balanced figure.

The move was made by Matt, seconded by Alicia; the board voted “Aye,” and the motion carried. At the meeting Mr. Butwell told members the accounts must match to allow the town to receive the funds.

Separately, board members approved a leftover amount from a prior year. Staff explained $1,425 (recorded in the meeting as $1,428 in subsequent discussion) had not been moved last year after a state law change created a new fund and the transfer did not occur. The board voted to move that amount in a separate motion; Kelly moved, Laurie seconded, and the motion carried.

Board members asked clarifying questions about the adjustments. Mr. Butwell apologized for the delay and explained the changes resulted from late reimbursements and the need to sync balances with the town. One member asked whether the board needed to rescind a prior action; staff said only a revote on the exact amounts was required.

The board approved the agenda at the start of the meeting and moved immediately to these two new-business financial items. No formal vote tallies listing individual members were read into the record when each motion passed.