BOE hears 2021 recap, reviews 2022 first financial report


Posted: Aug 27, 2021 7:00 AM

Business and Finance Director Tanja Vadas shared summaries of the school district’s 2020-21 year-end budget report and the first fiscal report for fiscal year 2021-22 at the Board meeting. education on August 25, held both in person and virtually.

About $ 366,000 remains in expenses for the 2020-2021 fiscal year, according to Vadas.

“The balance change from May to June represented an additional $ 13,281, bringing our year-end balance to $ 27,238,” said Vadas. “This unspent amount is well below 2% of the budget and is eligible for a deposit to the permanent account.”

Vadas explained that part of the final report for fiscal year 2021-2022 also shows the last changes before the end of the year, such as costs to cover tuition and costs associated with the district food service program. .

Transportation savings in 2020-2021 totaled approximately $ 441,000, thanks to buses running fewer days, bus routes that didn’t run, and more.

The budget, as a whole, has been deeply impacted by spending related to COVID-19, Vadas explained. Its latest COVID update said costs related to the pandemic were around $ 2,735,160, and offsets for the savings were around $ 2,707,920. The difference resulted in the year-end balance of $ 27,238.

Vadas also pointed out that at the start of the fiscal year, expenses related to COVID-19 raised concerns that the fiscal year balance was almost negative by $ 400,000.

“It was a very difficult budget to balance,” said Vadas. She later attributed the successful balancing of the budget to on-going monitoring, grants, city funding, and the efforts of district leaders.

Vadas then presented the first report for the 2021-2022 fiscal year, adding that there were still charges and obligations to be included in the report and that the projected balance “will definitely change”.

“No projection has been made yet,” Vadas said.

After Board of Education vice-chair Dan Delia thanked Vadas for his “outstanding reports,” school board members voted unanimously to accept both financial reports.

Later in the meeting, the council approved the request that the finance council transfer funds from the 2020-2021 fiscal year balance to the district standing account for education purposes, and that a portion of these funds be earmarked for the purpose of financing special education.

Also during the meeting, the school board approved new suggested dates for open houses at Newtown Public Schools, to allow more time between the start of school and when parent meetings and teachers would take place. While Schools Superintendent Dr Lorrie Rodrigue said the main goal is to get all students back to the school buildings, postponing open house dates later will allow more time to determine. if these events can take place in person.

The school board also discussed its ten-year capital improvement plan and plans to revisit the subject at its next meeting.

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