We are still waiting for the June 30th, 2014 Audited Financial - TopicsExpress

We are still waiting for the June 30th, 2014 Audited Financial Statement to post to the Jefferson website for analysis. The 2014/2015 preliminary budget is online and shows a projected LOSS of $1,090,697 to the school. This can, and will change with future, amended budgets and, with the passage of the Sinking Fund millage, they will certainly be able to amend the budget with the increased revenue from that millage. Remember, however, the Sinking Fund can ONLY be used in building projects and maintenance and repair as mandated by law and cannot be used in offsetting budget deficits directly. But as of now, the school is projected to lose another $1.09 million for the next fiscal year! Lets hope that something changes because the budget report shows the Fund Equity at just $3.69 million! With losing a million a year, the rainy day fund is about dried up! jeffersonschools.org/files/_1RIKj_/7c0ec928461ce36f3745a49013852ec4/14.15_GF_Prelim_Resolution.pdf

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