Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Operations committee approves minutes and accepts financial reports; year-end surplus reported
Summary
The Wallingford School District operations committee approved past minutes and accepted financial reports showing a reconciled year-end surplus of $27,306.26 pending audit. Committee also agreed by consensus to accept three financial documents and flagged items for 2% fund reallocation.
The Wallingford School District operations committee on Monday voted to approve past meeting minutes and accept the district’s reconciled year-end financial reports, which show a surplus of $27,306.26 pending audit.
Mister Barone, who presented the financial documents, said the district reconciled with the town and filed the EFS/EDO report with the state. "Our final result is we have a surplus of $27,306.26," he said, adding that the auditors could still make adjustments. He also said the district experienced routine year-end fluctuations such as closing out purchases and miscellaneous bills.
The chair moved to accept reports A1 through A3 — the projection, financial system summary and the 2% fund update — and the motion passed by consensus. Committee members asked that several completed items that still carry small balances in the 2% fund be considered for reallocation at the next operations meeting.
Votes at a glance - Motion: Accept minutes from the prior operations committee meeting. Outcome: approved (recorded abstention). - Motion: Accept financial reports A1–A3. Outcome: approved by consensus.
The committee did not record detailed roll-call vote tallies in the transcript. The chair indicated the documents were reconciled and ready to be carried forward to the next steps pending any auditor adjustments.
