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Board approves March transfers after finance report showing $429,009 projected positive balance
Summary
The finance director reported a March forecasted positive balance of $429,009.40 and the board approved two transfers: $3,710 for a trial purchase of cell-phone bags and $16,000 for a contracted paraprofessional, citing salary and contracted service needs.
The Darien Board of Education approved two budget transfers after the finance director presented the March financial report showing a projected positive balance of $429,009.40 through March.
The finance report showed a projected general-education deficit of about $5,009.79 and a projected special-education positive variance of roughly $435,000; salary lines had a positive variance of about $38,000, with savings in building subs, clubs and council accounts. Revenue projections included an anticipated excess-cost reimbursement of roughly $216,455 from the state; the district said it is still waiting for receipt of that reimbursement.
The board approved two transfers recommended by finance: $3,710 to trial approximately 200 cell-phone bags at the high school (funded from workers’ compensation credits) and $16,000 for contracted special-education services to hire a substitute paraprofessional to the end of the school year. The transfers were approved by voice vote as presented.
Next steps: staff will process the transfers and report back on trial results and staffing coverage.
