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Finance committee reviews January financial report, recommends transfers to cover higher energy and benefit costs
Summary
At a Feb. 26 finance committee meeting, the Darien School District heard a January financial report forecasting a $266,750 positive balance and recommended four transfers — including $450,000 to benefits and $132,001.19 to electric — to cover retirement incentives and winter-driven energy costs.
The finance committee of the Darien School District met Feb. 26, 2026, to review the district’s financial position through January and consider several recommended transfers to address unanticipated costs. Presenter delivered the report and said the district was "forecasting a positive balance of $266,750," while noting that was a decrease from the December report.
The presentation identified early retirement incentives as a major drawing of funds. "The board approved early retirement incentives, is drawing down 250,000," the Presenter said, and recommended using transfers to cover that and other shortfalls. The Presenter also flagged unusually cold winter weather and recent HVAC behavior at “three HHR schools” as drivers of elevated energy costs: "Electricity is trending higher…
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