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Cromwell School District approves $577,517.71 transfer to town unexpended fund
Summary
The Cromwell School District board approved a $577,517.71 transfer to the town's unexpended fund to reconcile late reimbursements and balanced accounts, and separately approved a small prior-year expenditure noted in the meeting transcript.
The Cromwell School District board voted to transfer $577,517.71 to the town's unexpended fund after hearing a reconciliation update from district staff.
Mister Butwell, a district staff member, told the board the reconciled amount is "$577,517.71," which he said "represents 1.51% of our 2425 budget." He told members the adjustment was necessary because reimbursements arrived late and the town and district accounting needed to be balanced exactly…
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