Superintendent of Schools Dr. Herman Sirois informed the Levittown Board of Education last week that preliminary end-of-year financial analyses reveal that the 2006-07 budget was overexpended by about 2 percent. The analysis confirmed that isolated accounting errors resulted in funds not being included in the 2006-07 and 2007-08 budgets. Dr. Sirois noted that the preliminary findings need to be confirmed by the district's annual independent audit, which is usually completed in the fall.

Dr. Sirois pointed out that the district's finances are particularly strong and that existing revenues will enable the district to resolve the overexpenditures without affecting the school tax levy. He reaffirmed that the district's multi-year budget process was specifically designed to deal with unexpected problems such as this, and informed the board that recent changes in staff and assignments will assure that this issue is both corrected and will not happen again. Dr. Sirois reviewed the corrective measures that the district needs to take, and said that he was confident that the district would be able to resolve these errors without any adverse effect on school taxes.