Date: Fri 21-Jul-1995
Date: Fri 21-Jul-1995
Publication: Bee
Author: KAAREN
Quick Words:
a5-school-surplus
Full Text:
School Board Predicts Surplus
The Board of Education may have a surplus of more than $90,000 from last
year's budget to the town's general fund.
"Our auditor says it looks like there will be about $93,000 to return to the
general fund," School Board President Herb Rosenthal told the Legislative
Council at the council meeting Wednesday night.
Mr Rosenthal said the school board also had come up with $127,000, as
promised, to put toward the school district's self-funded insurance program
and "by putting a freeze on discretionary spending" had found another $100,000
to put toward the medical insurance plan.
"So we were able to end up putting more than $200,000 toward the plan," Mr
Rosenthal said. "We ended the year with $2.3 million in (medical) claims and
hadn't budgeted anything near that amount.
