The 2013 fiscal year’s ending balance looks to be better than anticipated.
The new projection should give the system about 2.2 million dollars more in state funding to cover the nearly 500 student enrollment growth.
Superintendent Will Schofield said the numbers won’t become official until the spring, but the money is a projected midterm adjustment.
Deputy Superintendent Lee Lovett explained, “We did a budget amendment to include a projected midterm adjustment for the increased number of students that we had.”
Now that the school system’s enrollment has topped 27,300, the system projects the state funding to increase 1.7 million dollars.
With this budget amendment, the school system projects the ending balance to be nearly 11 million dollar, that is up from 8.4 million dollar.
Hall County ended the last fiscal year with almost 18 million dollars in the bank.
Lovett said, “Last year we ran about 4 or 5 million higher than we said we would and we’re trying to keep from doing that this year.”
Hall County’s school system’s overall budget is about 195 million dollars.
Copyright Glory 1330 2013