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Board moves $575,379 to unexpended account to close fiscal year surplus
5743456 · September 9, 2025
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Summary
School business office reported a year-end surplus and the board approved moving $575,379 into the district's unexpended account to reserve the funds for future uses; finance staff said the surplus rose slightly after a late reimbursement.
The Cromwell Board of Education voted to move $575,379 into the district’s unexpended account as a year-end surplus transfer, the district’s finance staff reported.
Business office staff explained the number reflects a late August reimbursement related to repair of the high school stage after a sprinkler incident and a…
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