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 firstname.lastname@example.org.
Currently 0 Responses
Tennis pro earns honors
Palm-Aire Country Club Director of Tennis Greg High has scored big with the U.S. Professional Tennis Association.
Petruff receives service award
East County resident and local attorney Patricia Petruff, a senior partner of the Dye, Deitrich, Petruff & St. Paul law firm in Bradenton, has been awarded the 2014 William C. Grimes Award for Lifetime Achievement in Community Service.
East County resident Julie Kean recently captured this photo of two fawns resting on Legacy Boulevard, near the Lakewood Ranch Golf and Country Club’s tennis and fitness center.