Controller expects year-end surplus of around $300,000
Both town and school operations are expected to end 2017-18 in the black, with a modest surplus of about $300,000 projected as the fiscal year winds to its June 30 close.
“We expect to end the year in the positive,” Acting Superintendent of Schools Rob Miller told the Board of Finance on Tuesday night, June 19.
Controller Kevin Redmond later offered a thumbnail sketch of the projected year-end surpluses.
“I heard the Board of Education say $75,000; $220,000 on the town side, so ... I’d say it’s $300,000” Redmond said. “All in all, not terrible.”
At the end of the school fiscal update, finance board members had praise for Miller’s work presenting financial information after the school system’s former technology director took over following former Superintendent Karen Baldwin’s mid-year resignation.
“It really was a breath of fresh air, getting the kind of information we needed,” said Dick Moccia.
“You handled it well, and you deal in facts — it really was a breath of fresh air,” agreed Jessica Mancini.