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Darien finance committee projects $527,013 surplus; board has until June 30 to allocate
Summary
At its June 19 finance committee meeting the Darien Board of Education reviewed the May financial report projecting a $527,013 surplus, outlined sources of the surplus and the deadline to allocate funds before they revert to the town.
On June 19 the Darien Board of Education Finance Committee reviewed the district's May financial report and was told the district is forecasting a projected surplus of $527,013 for fiscal year 2025.
Business Manager said, "We are forecasting a projected surplus of $527,013," and explained the figure is a slight improvement of about $6,700 from April and the result of several small savings and higher-than-expected reimbursements.
The surplus is driven largely by special education reimbursements and several line-item savings. The Business Manager said special education revenue centers are forecasted positive by $511,009.56 while general education revenue centers are forecasted positive by $15,057, totaling the $527,013 projection. The committee…
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