2025-11 Resolution of the Council, re:

RESOLUTION

OF THE

COUNCIL
2025-11
No: ...

RESOLVED:

For the purpose of meeting funding requirements of specific School Department accounts in the FY2025 Approved Budget, the School Department budget adjustments as presented in Attachment A–August 15, 2024 are hereby approved.

This resolution shall take effect upon its passage.

FEBRUARY 18, 2025
READ AND PASSED IN COUNCIL

Wendy J. W. Marshall, MMC
Town Clerk

ATTACHMENT A - August 15, 2024

In accordance with Town Charter and Town Ordinance, adjustments to the FY2025 budget ordinance are approved as follows:

General Fund Revenue - School Department Revenue increase by $365,249
General Fund Expenditures - School Department increase by $365,249

TOWN OF MIDDLETOWN - SCHOOL DEPARTMENT
FY2025 BUDGET ADJUSTMENTS
AS OF 8/15/2024

GENERAL OPERATING FUND
Fund Object Account Description Approved Budget Current Budget Adj to Budget Amended Budget Explanation

General Fund Revenues
10000000 41321 Tuition From Other Districts in State $ (225,000) $ (225,000) $ (172,000) $ (397,000) Increase In Tuitions
43101 State Aid $ (7,203,748) $ (7,203,748) $ (193,249) $ (7,396,997) Final State Aid allocation

Total Change In Budgeted Expenditures-General Fund
General Fund Expenditures
51110 Regular Salaries $ 20,934,750 $ 20,934,750 $ 201,500 $ 21,136,250 Unbudgeted Positions
52101 Life $ 52,455 $ 52,455 $ 4,354 $ 56,809 Unbudgeted Positions, increase in monthly cost
52101 Health & Medical Premium $ 3,329,991 $ 3,329,991 $ 20,000 $ 3,349,991 Unbudgeted positions
52201 Teacher Admin Pension DB $ 2,575,402 $ 2,575,402 $ 31,313 $ 2,606,715 Unbudgeted positions
52213 Teacher Admin Pension DC $ 445,129 $ 445,129 $ 10,075 $ 455,204 Unbudgeted positions
52302 Medicare $ 310