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Business office reports clean audit, $736K Ready-to-Learn allocation and FY27 budget challenge

Wallingford-Swarthmore School District Finance & Facilities Committee · January 21, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff reported a clean 2024'2025 audit with no findings, a Ready-to-Learn tax-equity allocation of about $736,000 (recommended split to mitigate assessment-appeal losses and reduce debt), and said the district is targeting up to $5.2 million in budget reductions for FY27 while planning reorganization proposals for February.

At the Jan. 20 finance committee meeting, the district's business office presented multiple fiscal updates: a clean audit for 2024'2025, the district's Ready-to-Learn tax-equity allocation and the early phases of FY27 budget planning.

The business office said the district's Ready-to-Learn allocation is approximately $736,000 and recommended allocating…

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