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School finance director warns of lower fund balance and a projected $1.5M deficit
Summary
City of Bogalusa School District financial presenter summarized the June 30 statement, saying the unassigned fund balance shows '4.3' and projecting a possible $1.5 million deficit after expected revenues; the board discussed conservative spending and use of fund balance for one-time needs.
The district's finance presenter told the board the June 30 financial statement shows an unassigned fund balance of "4.3" and that the district is projecting a deficit for the fiscal year if remaining revenues do not arrive. "Right now, it's showing 4.3," the Director (S6) said while walking through the packet, and later cautioned that the deficit could be around $1.5 million after accounting for roughly $500,000 in expected receipts.
Board members pressed for conservative budgeting and asked the administration to bring measures to reduce expenditures. The Director said the district plans to prioritize essential spending and use portions of the fund balance for one-time capital needs such as HVAC work. The discussion also flagged enrollment declines and lower property-tax receipts as major drivers of pressure on the general fund.
