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Waterbury reports FY25 positive ending and transfers $1.5 million to sinking fund; board flags overtime and staffing costs
Summary
The district presented an unaudited final expenditure report for fiscal year 2025 showing a positive close and transfers to the sinking fund totaling $1.5 million. Commissioners raised concerns about overtime spending (roughly $500,000) and vacancy trends; the superintendent reported 56 current vacancies and a 97% fill rate.
District finance staff presented the final (unaudited) expenditure report for fiscal year 2025 at the Sept. 4 Board of Education workshop and reported a positive year-end position.
The presenter said the district moved $1,400,000 into the sinking fund and an additional roughly $113,000, for a total transfer of about $1,500,000 to the board—s unallocated capital/sinking fund to support future building projects. Staff said aggressive cost containment during the year—especially in the second half, when the district worried ESSER funding extensions might…
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