School board may return a $931,000 surplus to the town

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MONROE, CT — The final audited number for last year’s Board of Education budget shows a $931,000 surplus that can be returned to the town, according to Finance Director Ronald Bunovsky Jr.

Bunovsky shared the latest projection during a fiscal update at the board’s meeting on Monday night, adding it is still early for a final number.

“We’re still allocating some grant money and will be moving stuff around with some budget transfers over the next month or so,” he said.

“Good news on the surplus,” Chairman David Ferris said. “Thank you.”

Bunovsky said one number where the district is “in the negative” is in fuel for generators with the removal of in-ground fuel tanks at Masuk High and Jockey Hollow Middle schools.

“The generator, that was an un-budgeted item,” he said. “The fuel in there right now, unless there’s an event, that will carry us through the year.”

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