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Superintendent and CFO present proposed FY25 budget revisions to New London Board
Summary
Superintendent Dr. Cynthia Ritchie and CFO Rob Funk presented proposed FY25 budget revisions, highlighting drivers such as negotiated employee commitments, rising costs relative to inflation, and changes in student population; the presentation included an updated budget book available upon request and did not record a final board vote on the revisions.
Superintendent Dr. Cynthia Ritchie and Chief Financial Officer Rob Funk presented proposed revisions to the New London Public Schools’ FY25 budget at the Aug. 26 Board of Education meeting, laying out drivers, adjustments and context for the coming year.
Dr. Ritchie and Funk said the presentation included an updated budget book and slides covering the district’s vision and mission, budget appropriation, the budget request for school year 2024–25, cost-savings ideas, budget drivers, and adjustments to the previously approved SY25 budget. They also reviewed the history of general fund appropriations compared with inflation, negotiated commitments to union employees of NLPS, the district’s student profile, and changes in student population since Oct. 1, 2023. A copy of the budget book and presentation is available upon request, the board was told.
Board President Elaine Maynard-Adams noted the Finance & Audit Committee had met before the board meeting to review proposed budget amendments and a line-item transfer that appear on the meeting agenda for approval. The board did not record a final vote on FY25 revisions during the public portion of the meeting; related budget items (including a proposed FY26 revision) were on the consent agenda for board action.
Why it matters: The presentation frames the district’s financial priorities for the coming year, including personnel costs arising from negotiated commitments and enrollment changes that affect per-pupil allocations. The board and administration indicated follow-up steps include committee review and formal action on line-item transfers and related budget motions at or after this meeting.
What happens next: The updated budget book and slides are available on request; the board’s Finance & Audit Committee will continue oversight and the board will consider formal approval for specific budget amendments as listed on the agenda.
