L’Anse district trims budget
L’ANSE – The L’Anse school board approved its 2013-14 budget that calls for $631,902 in general fund cuts, but still contains a $206,205 shortfall.
The district has reduced expenditures from $7.133 million in the 2012-13 budget to $6.502 million, but with only $6.295 million in projected revenue the district will continue to tap its dwindling fund balance.
The fund balance was $909,719 on June 30, 2012 and after $508,796 in deficit spending last year, the anticipated balance for this fiscal year that ends June 30 $400,923. After covering the projected shortfall in the 2013-14 budget, the fund balance is projected to be $194,718 on June 30, 2014.
“This budget has been one of the biggest challenges that I’ve had in 14 years as superintendent,” said Ray Pasquali, who was at his final school board meeting. “With the projected $700,000-plus deficit that we had for the original estimate for the budget, we’ve been able to cut nearly $600,000 from the budget. We anticipate with the ongoing issues maybe even more than that. A projected lay-off of net zero, we’re pretty proud with what we’ve been able to do.”