Ridgefield Audit Confirms Town Budget Surplus Of $1.5M

RIDGEFIELD, CONN. -- Ridgefield’s auditors have confirmed that the town now has an extra $1.5 million in its coffers, according to a report in The Ridgefield Press.

Ridgefield First Selectman Rudy Marconi says a $1.5 million surplus, mentioned in a recent audit, is evidence of the town's fiscal strength.
Photo Credit: *Contributed*

Carol Reif

12/30/2015 5:00 p.m.

According to the Press, the town’s finance board discussed the surplus after hearing a presentation by Vanessa Rossito of BlumShapiro, its auditing firm.

The surplus – in the current $133 million spending plan – was attributed to two things, the report said: taxes, fees, and other income that exceeded the budget’s revenue projections and funds that were allocated but not spent by town departments and the schools.

First Selectman Rudy Marconi told the newspaper that the surplus is evidence of Ridgefield’s fiscal strength.

For the full story in the Ridgefield Press, click here.

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