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Norwalk School District reports FY26 closeout on track; transfers $1.6M to food services as grants decline
Summary
CFO Lunda Asmani told the Finance Committee the FY26 closeout is preliminary but largely on track, noting a $1.6 million transfer to the Food Services Fund to balance that account and a decline in grant spending (about $29.6M year-to-date versus $41M the prior year).
Norwalk Public Schools CFO Lunda Asmani told the Board of Education Finance Committee on July 8 that preliminary FY2026 closeout figures show the general fund largely on track but with timing-driven variances tied to summer payrolls and late invoices.
Asmani said the district had a general fund budget of about $247 million and that year-to-date spending reflects timing of teacher summer payrolls and invoices that may post through August 30. "We have 3 summer payrolls," he said, explaining that those payrolls are recorded as last-year salaries and can create a year-end variance as payroll postings occur.
On food services, Asmani said the district transferred $1,600,000 into the Food Services Fund this fiscal year to keep that fund balanced. He said the food services adjusted budget was $7.8 million with $6.7 million spent year-to-date; that total spending includes the transfer plus about $5 million in federal grant reimbursements.
Asmani also said total grant spending has declined: year-to-date grant expenditures were about $29.6 million versus roughly $41 million the year before. He attributed the reduction to lower grant availability and noted some grant-funded salaries and invoices were still posting.
The CFO reviewed major spending categories: an adjusted salary budget near $144 million compared with last year's $146.9 million; benefits around $39 million; professional/technical services (including outsourced special-education services) projected near $11 million; and supplies, equipment and property services that will adjust as late invoices are posted.
The committee did not take any formal votes on budget adjustments during the meeting. Asmani provided line-item information in the packet and said staff will return with further updates as they close out postings and complete FY27 budget conversations with the City.
