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Superintendent reports ADM drop, outstanding insurance balance and plan to offset deficit
Summary
Superintendent Woods told the Patrick County School Board that the division's March 31 ADM reduced local funding by about $280,136, leaving an outstanding insurance balance the superintendent proposes to address by applying returned funds toward the carrier payment.
Superintendent Woods reported to the Patrick County School Board that the district's March 31 average daily membership (ADM) report reduced the division's local funding by about $280,136 for the coming year and that an outstanding insurance balance remains on the county's account.
Woods said the county 'did not apply any of those statements to the deficit' and that the district has a $282,269.94 balance owed to the division's insurance carrier…
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