State revenue is projected to increase though federal funding is likely to decrease next year.
“We will have increase in state funding due to enrollment growth. We’ve anticipated getting $22.3 million from state sources,” Charping said. “Federal budgets will probably decrease due to all sequestration ... but right now I think we will be OK with those programs for FY14.”
The school board is slated to adopt a tentative budget for FY14 during the regular meeting at 5:30 p.m. Tuesday, May 14. After being advertised in The Union-Recorder for two weeks, the board will then approve a final budget.
“If we can’t meet this budget then it’s going to come out of the fund balance,” Charping said. “We have to have a budget adopted by June 30. If we don’t then we will have to do a spending resolution.”
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