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Shelton schools enjoy $800K surplus, for now


Shelton schools enjoy $800K surplus, for now
Brian Gioiele
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Exterior view of the Board of Education offices in Shelton, Conn. Nov. 5, 2020.Ned Gerard / Hearst Connecticut Media
SHELTON The school district has a projected $800,000 surplus through its 2020-21 budget, but the finance director warns this could be temporary.
The surplus primarily from underspending in the certified and non-certified staff accounts could disappear with uncertain future costs from health insurance, the nutrition services program and a pending lawsuit against the Board of Education, School Finance Director Rick Belden said during a Thursday meeting.
With six months remaining, Belden said the employee benefits accounts are currently $155,834 more than budgeted. ....

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State reimbursements could put $4M in Shelton coffers


State reimbursements could put $4M in Shelton coffers
Brian Gioiele
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SHELTON The city’s general fund could soon be about $4 million richer.
Superintendent Ken Saranich told the Board of Education at its virtual meeting Wednesday that he would be submitting the closeout paperwork for state reimbursement on four completed school construction projects, one of which was finished in 2011.
The figures are based on the state reimbursing an estimated 40 percent of the project costs.
The largest estimated return will come from the $23.4 million Shelton High School renovation finished in 2011. The renovation included upgrades to the locker rooms and library, as well as science labs on the fourth floor. The return is estimated at $3,263,526. The city has already received $5.8 million of the overall anticipated $9.1 million reimbursement. ....

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