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Board moves $3 million to assigned fund balance to cover facilities and device needs
Summary
The board approved moving $3 million from unassigned reserves to assigned funds for projects including the Prairie Elementary roof, an ice arena and device replacement. District staff said nearly $10 million of assigned funds are already earmarked for projects and that iPad replacements were not budgeted after COVID purchases.
At the Oct. meeting the Worthington Public School District board voted to set the assigned fund balance for the 2024-25 year, approving a recommendation to move $3,000,000 from unassigned reserves to assigned funds for specific projects.
Ryan, a district staff member presenting the fund summary, said the estimated unassigned fund balance for the year is about $18,700,000 and the assigned fund balance is about $18,500,000…
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