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District projects smaller surplus after special-education and other costs narrow outlook
Summary
Wallingford School District staff reported a net projection decrease of $23,000 and flagged deficits in special-education tuitions and other accounts; staff said excess-cost grant reimbursements (estimated at 70%) will substantially reduce the tuition shortfall.
The Wallingford School District operations meeting on Jan. 21 heard a refreshed financial projection showing the district's net position tightened by $23,000 from last month, with staff currently projecting a December surplus of about $597,000.
Finance presenter Mr. Barone told the operations meeting the projection reflects mixed activity across accounts. "We had a decrease of $23,000 from last month," he said, and noted the district is still working toward final state calculations in April and May.
The meeting focused on special-education tuition costs, which…
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