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Cromwell reports fiscal-year surplus while OCR funding remains uncertain; board debates using carryover for track repairs
Summary
Business official reported a current surplus (~$448,000) but warned roughly $1 million in federal funds could be at risk because of an ongoing OCR case; board members debated earmarking up to 2% carryover for track repairs while consulting the Board of Finance.
The Cromwell School District reported a preliminary fiscal-year surplus of about $448,000 as administrators work to close out purchase orders and finalize the budget.
Chris (district business official) said the surplus could increase as outstanding encumbrances are cleared. The board was told that the surplus stems largely from conservative spending in salaries and benefits, technical services,…
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