School District Ends Fiscal Year with $345K Balance

The funds will be turned over to the town, according to the superintendent and school board chair.

The Board of Education announced Tuesday that the school district has a balance of $345,128 left in its 2011-2012 budget, and that sum could be returned to the town.

Doreen Munsell, the director of finance and business services for the district, cautioned that the number could change slightly between now and June 30 (the end of the fiscal year), but a final update would be provided when the fiscal year is closed.

The balance was in place even though the district had to deal with emergencies like fixing the boilers, repairing the roof parapet and facades, and taking care of a roof leak at .

Superintendent of Schools Dr. David G. Title pointed to huge savings in electricity thanks to a bid decision made by the purchasing department, a reduction in heating/utility costs due to a mild winter, and retiring staff as factors in the balance.

"We feel we can turn this back to the town," Title said.

School board Chair Pamela Iacono agreed and said the funds can help the town take care of "bottom-line expenditures."

She thanks the district's Central Office for ending the year with a balance.

"This could have gone the other direction, but you realized the need to turn it back to the town," Iacono said. "Thank you."

steve sheppard June 28, 2012 at 06:04 PM
Let's see if BOE can double that amount for next year. I want to hear about real cost reductions.
Caitlin Mazzola June 28, 2012 at 06:28 PM
I think it's up to the Board of Ed/officials to decide how they want to use the leftover funds -- and they're choosing, for this year, to help close out the town side's bottom-line expenses.
Jim Eastwood June 28, 2012 at 08:09 PM
Good Afternoon Fairfield $$$$ Smoke and mirrors !!!! By the way what does Dr. Title get for his benefi package ?????? Have a Great Day !!!! and Pay and Pay !!!!!!!!
Anna Pinto July 02, 2012 at 04:26 PM
Hey Lynn, What are you smoking. IT IS A TAXPAYER SAVINGS!!!!! We throw enough money at our under performing schools. Superintendent Title's pay raise, bonus and perks are obscene, as is his salary. The only thing that can salvage our education system is an aggressive voucher policy which encourages parents to pull their kids from a failing system and enroll them in a private school. With enough reduction in student population we can fire unperforming teachers and excessive administration, both with bloated Medical and Pension plans. Let them compete for jobs in private effective schools until we get them down to reasonable wage and benefit levels an FORCE THEM TO BE EFFECTIVE!!! Where is our Governor Scott walker when we need him. Lynn, you and your fellow Liberals are responsible for our current plight. I am tired of paying ever higher taxes for the failing schools of our Town. Next year's budget should be locked in at 90% of this year's budget and cuts to get to that level should be forced upon both Town and Education components. If the current crowd can't make it work, let's replace them. Anna P. Lyn
Alrick H Man IV September 23, 2012 at 02:51 AM
without a doubt send it back to the town and the taxpayers where it belongs


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