It has been challenging to balance the budget due to overall decreases in both state and local funding since the 2008 economic downturn. Furthermore, increased expenditures in various areas, including significant increases in insurance costs, has made the budget even more challenging to manage. Thus, in recent years the fund balances have reduced significantly. Below is a list of Fort’s fund balances since 2012.
Fund Balances
Fort Osage receives 51.39% of its revenue from the state. This is a higher proportion than any other district in the area, and it creates significant challenges for Fort each time the state fails to fully fund education. Last week, in order to balance the state budget, the Governor withheld $24.4 million from public schools. Unfortunately, some experts predict that other withholdings are likely once a new Governor takes office. Budget Since June Due to our declining fund balances and the outlook from the state the budget has been reviewed and the following reductions have been made since the June budget adoption:
Throughout the year I will continue to provide budget updates and our plan as we move forward. Comments are closed.
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