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Newtown School District projects $295,065 year-end balance after third-quarter review
Summary
At its April 21 subcommittee meeting, the Newtown School District reported $62 million expended and $23.6 million encumbered, leaving a projected year-end balance of $295,065; salary accounts remain favorable despite targeted increases and some overtime.
Tanja Gouveia, a committee member presenting the district's third-quarter report, told the Board of Education CFF Subcommittee on April 21 that the district had expended about $62 million and encumbered $23.6 million, totaling roughly $86 million or 93.76% of the budget for the year.
Gouveia said the projected year-end balance is $295,065, representing about 99.68% of the total budget expended; the anticipated balance declined by $7,700 from the prior month and by $14,657 over the last three months. "The projected year-end balance is $295,065," she reported to the subcommittee.
Gouveia outlined specific line-item movements: certified salary accounts rose by $59,142 to cover homebound tutors and substitute staffing; Non‑Certified Special Education services decreased nearly $30,000 following the hiring of three Behavior Technicians; custodial overtime increased to cover employees on family medical leave. She said overall salary accounts remain in a strong position with a projected year-end balance of $140,083.
Other shifts included higher professional services costs tied to attorney fees related to negotiations with Behavior Technicians and a $30,000 increase in the Contracted Services subaccount. Transportation costs decreased by about $18,000 after a student who had been sharing a ride changed schools. Utility lines showed mixed results: natural gas remains in deficit due to high demand and rising costs, while electricity shows a surplus driven by virtual net‑metering credits. Gouveia also reported a small revenue receipt in tuition accounts.
The subcommittee approved the minutes from its March 16 meeting before continuing with financial and operational items. The meeting adjourned at 6:49 p.m.
