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Finance director reports $858,000 projected surplus; cafeteria posts month profit but is slightly negative YTD
Summary
Finance director Mr. Baron reported an $858,000 April projection (down $83,000), driven by a $250,000 reduction in an excess-cost tuition grant and other adjustments; the food-service program earned about $97,000 in the month but remains negative $8,146 year-to-date.
The Wallingford School District operations committee heard April financials on April 20 from Mr. Baron, who reported an $858,000 projected surplus for April, a decline of $83,000 from the prior month.
Baron said the primary downward driver was a recalculation of an excess-cost tuition grant that reduced expectations by about $250,000. He also reported a $68,000 reduction…
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