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Lake Forest board hears midyear financial report; officials warn local salary budget will be adjusted
Summary
Board received a December midyear financial report showing local current-expense tax receipts at 92%, discretionary funds received at 91%, and local salary budget remaining at about 47%; administration said it will present a final adjusted budget at the next meeting to account for new hires.
The Lake Forest Board of Education received its midyear financial report on Jan. 8 and was told the district is "exactly halfway into the fiscal year," with some revenue adjustments and planned budget shifts ahead.
Mister Kirk Hellman, who presented the report, said December brings final state unit-count allocations and that the district is seeing anticipated receipts of about $565,000 for division 2 "all other costs." He told trustees local current-expense tax receipts are at 92% of projections — down from 96% at the same point last year —…
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