EAST COUNTY — The Manatee County School District released Tuesday a schedule to repay money it took from individual schools’ internal accounts.
This spring, district leadership borrowed roughly $1.4 million from school savings accounts amidst a growing budget deficit.
Eligible district accounts to pay off the deficit included athletic-department funds, after-school program money, vending machine revenue, lost or damaged books money and revenue from school pictures and yearbooks.
Money parents contributed for specific items, including clubs, and funds acquired through fundraisers could not be touched.
The repayment plan released Tuesday pays back 33% of borrowed funds this year.
School principals already have access to those funds.
The district’s goal is to repay 100% of the funds by July 31, 2015.
Superintendent Rick Mills hopes to have the flexibility to do so, as he has promised to meet the state-required $10.3 million in reserves by next July.
Contact Josh Siegel at email@example.com.
Currently 0 Responses
20 Cooking Class With California Cabernets
20 Ice on the Diamond
21 Gingerbread Houses
21 Ovation's Musical Theatre Holiday Revue
7:00 pm - 8:30 pm
22 Gingerbread Houses
23 Cooking Class: Nuts About Holiday Cookies
24 Cooking Class: Crazy For Cookies
26 Kids 3-Day Cooking Camp
Coats for kids
Knights of Columbus Councils are helping children in need by providing coats to children in their communities through the order’s Coats for Kids program.
Santa and his elf made a surprise stop Dec. 13, at WineStyles, in San Marco Plaza, by Harley-Davidson motorcycle, during the store’s weekly Friday night wine-tasting event.
Members and guests of the Lakewood Ranch Women’s Club ventured Dec. 4 to Orlando, to view holiday decorations at the Grand Floridian and to have lunch at Downtown Disney.