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Finance committee hears FY24-25 year-end review; FY26 starting budget set at $247.1 million
Summary
District CFO Linda Asmani told the finance committee that FY24-25 expenditures were roughly $233.4 million with no carryover balance remaining; the FY26 starting point is $247.1 million, reflecting restored positions funded in part by a $1.5 million city transfer while $3 million in state funds remains outstanding.
Norwalk Public Schools officials reported Sept. 10 that the district closed FY24-25 with about $233,401,968 in expenditures — roughly $126,000 below the revised budget — and that the district’s carryover account is fully depleted after using prior-year funds largely for health-insurance expenses.
“We currently have about $74,000 worth of bills, items that we've already bought we just haven't received yet and, therefore, we…
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