I understand that we started the 2008-09 school year with a fund balance in excess of $18.3 million. Why can’t that money be used to increase salaries, add more teachers, or cover revenue deficits?
We actually started this year with a fund balance of $18.3 million. Just like our personal checking accounts, our beginning balance is generally not a good reflection of what we can spend for the rest of the period because we have bills to pay and commitments to keep. In the district’s case, the breakdown of that $18.
