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Appoquinimink School Board finds $4.9 million gap after reporting errors; staff propose $2.5 million cuts and tentative tax-rate increases
Summary
Officials said an accounting error and misclassified summer-school costs cut projected carryover from about $7.9 million to $3.0 million. Staff proposed $2.5 million in spending reductions and recommended tentative tax rates (total 64.21¢ per $100) ahead of a July 8 vote.
The Appoquinimink School Board on June 25 disclosed errors in its March financial position report that reduced the district's projected carryover from about $7.9 million to roughly $3.0 million and presented a package of tentative tax-rate recommendations and near-term budget cuts.
Board leadership said the reporting mistakes included an incorrect payroll-count assumption and the miscategorization of summer-school costs. "We have since discovered that that financial projection report contained some errors," the presiding board member said, describing how the report had assumed six payrolls for the April–June period when there were actually seven. At an estimated roughly $2.1 million per payroll, the extra payroll materially reduced available cash. The…
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