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Middletown finance staff reports modest surplus, flags transfers for TechEd and athletics
Summary
Natalie, the district finance lead, told the board Dec. 15 the Dec. 12 expenditure report shows a $301,403 surplus on a $103,149,889 budget and outlined transfers—moving TechEd instructional-supply surplus to repairs and athletics funds to cover plaques and awards.
Natalie, the district finance staff, told the committee Dec. 15 that the district's Dec. 12 expenditure statement "reflects an overall surplus of $301,403 or 0.29% of the total budget of $103,149,889." She said the combined projected salary surplus for January 2026 is $252,231 and attributed part of the change to a $67,298 projected surplus in certified salaries.
The finance presentation also described adjustments to employee-benefit projections, shifting from a prior-month projected surplus of $453,021 to $167,521 after December transfers "to cover projected deficits in 3 areas: unemployment…
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