2022 school budget shrinks reserves
Wed, 04/21/2021 - 3:04pm
For the second straight year, Lake City Public Schools will spend down its budget reserves by hundreds of thousands of dollars, according to a budget approved by the school board at its April 19 meeting.
Between fiscal years 2020 and 2021 the district’s unassigned/unrestricted fund shrank by nearly $310,000 to about $1.76 million. The budget for 2022 calls for a roughly $364,000 spend down to bring the balance to about $1.4 million.
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