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Finance staff warns of possible $1.4M shortfall; nutrition fund operating at a $525,000 loss
Summary
Finance director presented a third‑quarter forecast showing a potential $1.4 million deficit depending on county and state budget actions. The nutrition fund is running a $525,000 loss for the year; board members discussed price and staffing options and possible transfers to maintenance.
Bedford County School District finance staff presented a third‑quarter forecast April 10 that projects a potential $1.4 million gap between revenues and expenditures if pending county and state budget actions do not materialize.
Finance presenter (Mister Hagler) told the board he built expected state supplemental revenues and a $1,000 employee bonus into his forecast on the assumption the Virginia General Assembly’s budget is ultimately enacted. The forecast incorporated an assumed state contribution (not yet fully finalized) and county support; if those revenues are delayed or reduced, staff said the district will face a budget shortfall that would require expenditure…
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