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News


11/28/2012

THE FAIRMONT SCHOOL BOARD APPROVED THE 2012-13 BUDGET AT TUESDAY'S MEETING. THE NEW BUDGET SHOWS EXPENDITURES EXCEEDING REVENUES BY SOME 348,042 DOLLARS IN THE UNASSIGNED FUND BALANCE AND DOWN SOME 313.000 DOLLARS IN THE ASSIGNED CATEGORY ACCORDING TO BUSINESS MANAGER SUE NELSON. THE BOARD WILL CERTIFY THE BUDGET TO THE STATE AFTER THE TRUTH INTAXATION HEARING FOR THE DISTRICT THAT WILL TAKE PLACE AT 6 PM ON DEC. 18. THE DISTRICT FUND BALANCE AT THE END OF THE SCHOOL YEAR IS EXPECTED TO BE AT 5.19 MILLION AFTER A STARTING BALANCE OF 7.39 MILLION THIS YEAR. SCHOOL DISTRICT FINANCES WILL BE BOOSTED BY AN INCREASE IN THE OPERATING LEVY FOR THE DISTRICT FROM 500 DOLLARS PER PUPIL TO 950 DOLLARS PER PUPIL THAT WAS APPROVED IN THIS MONTH'S ELECTION. THAT INCREASED REVENUE WILL TAKE PLACE IN THE 2013-14 SCHOOL YEAR.

ROD HALVORSEN
© 2010 KSUM.


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