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Darien finance committee flags $192,122 projected deficit; recommends two budget transfers
Summary
The Darien Board of Education finance committee reviewed December financials showing a $192,122 projected deficit driven largely by a fall in state excess-cost reimbursement for special education and recommended two transfers totaling $56,632 to cover program shortfalls.
The Darien Board of Education Finance Committee on Jan. 16 reviewed the district's financials through December and was told the district now projects a $192,122 deficit for the fiscal year.
Finance staff member Rich Bridal presented the report and said the primary driver is a lower-than-expected state excess-cost reimbursement for special education. "Excess cost is showing a 59.96% reimbursement, which is a loss of $287,307," Bridal said, noting the district had budgeted 70% and the administration is recommending a 65% assumption for next year.
Bridal walked the committee through other line-item changes: a positive…
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