December 14, 2018

Region 4’s $53,350 Year-End Surplus to be Returned to Member Towns, Applied to R4 Sinking Funds

REGION 4 — On Jan. 7, 2016, the Region 4 Board of Education received the final audit of the 2014-15 school year that reflects a surplus of $53,350 at the close of the school year.

“The results of this year’s audit are great news, given the significant financial challenges the board and administration faced last year,” said Chris Riley, chairman of the Region 4 Board of Education. “Dr. Levy and her team are to be commended for their continued commitment to both our students and our taxpayers.”

Under a policy adopted last year, the Region 4 Board voted to return 50 percent of the surplus to the member towns and apply the other 50 percent toward capital sinking funds.

Funds will be returned to member towns based on the student population in John Winthrop Middle School and Valley Regional High School as follows:

  • Town of Chester: $6,439
  • Town of Deep River: $8,267
  • Town of Essex: $11,969
    TOTAL $26,675
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