postheadericon WW School District tells tales of woe – State funding

David,

This email is a follow up to the phone conversation we had today regarding Western Wayne School District’s PlanCon process…

It is now March of 2014, three years later and we have not seen any funding.  We have been making Bond payments since 2006.  At the end of the 13-14 school year we estimate about $1,200,000 is already owed to us from the state for the state’s share of our construction program. 

 Two years ago our Fund Balance was $4,500,000, which is approximately 11% of our $40,000,000 budget.  At the beginning of this school year we are down to $2,700,000.   In part because we are funding the state’s share of our construction project until they find the money to pay us back.  

 

Take care,

Rose

 

Rose E. Emmett, Business Manager

Western Wayne School District

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