BMU reports hefty surplus

WELLS RIVER—The pandemic’s impact threaded nearly every topic covered by the Blue Mountain Union School board meeting on Oct. 6.
In a budget review of the academic year that ended June 30, business manager Linda Metcalf said unaudited financial statements revealed a hefty surplus despite decreased revenue.
Despite being short about $350,000 in revenue for the year, Metcalf said on Oct. 6 that expenses also were significantly down due to COVID-19. She noted a decrease in spending on services, supplies, and activities, all of which resulted in a bottom line of $800,000 less in budgeted expenses. The net result was a surplus of about $465,000 going into the current fiscal year, which began July 1.