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Savannah R-III board hears $435,000 November deficit, approves minimum-wage bump and authorizes contract signing within $1.5'$1.8M range
Summary
Board members reviewed a November operating shortfall and year'to'date deficit, approved a minimum'wage budget adjustment, and granted authority for staff to sign a construction contract if the final price falls within a $1.5'$1.8 million range to lock in materials pricing.
Board members at the Savannah R-III December meeting reviewed the district's November finances, approved a budget adjustment to comply with minimum-wage requirements, and authorized staff to sign a construction contract within a specified $1.5'$1.8 million range to lock in pricing.
District finance staff reported November receipts of about $1.8 million against expenditures near $2.3 million, producing a month'end deficit of roughly $435,000 and a fiscal year'to'date deficit of approximately $3.368 million. Presenters said county tax receipts have started to arrive (about…
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