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Finance director reports near-breakeven projection; enrollment at 764, town referendum looming
Summary
Finance Director William Steglitz reported May 11 that year-to-date spending is $16.9 million (77.5% of budget) with projected total spending at $21.7 million (99.8%); projected position improved to about $42,000 in the black. The board reiterated the upcoming town meeting May 13 and budget vote May 27.
William Steglitz, the district's finance director, told the Thompson Board of Education on May 11 that year-to-date spending is $16.9 million, or 77.5% of the budget, and that total projected spending for the fiscal year is $21.7 million, or about 99.8% of the annual budget. The minutes say the district's projected position improved to nearly $42,000 in the black, up from about $20,000 the prior month.
Steglitz noted that encumbrances remain somewhat higher but that closing purchase orders and ongoing grant work have reduced projected deficits; however, Pupil Services and Extended School Year (ESY) remain the only departments projected to be over budget because of continuing special education costs. The minutes record that budget freezes and continued grant work are expected to help, but that unexpected expenses may still arise before year end.
Superintendent materials also noted enrollment as of May 1 at 764 students. Chair Kathleen Herbert reminded the public that the town meeting on the school budget is scheduled for Wednesday, May 13, with the final budget vote set for May 27.
The minutes do not include a final adopted budget at the meeting; they record the district's current projection and encourage continued fiscal controls and community outreach ahead of the referendum.
