The Eastern Pulaski School Board members discussed their budget during their meeting this week. The school corporation operates on a fiscal year budget and Superintendent Dr. Robert Klitzman stated that the board shifted some money around to make sure all line items were in the black.
“This is a time when we go ahead and transfer from one account to another, all within the same fund, to get everything zeroed out and in balance so nothing is in the red,” stated Klitzman. “We ended the year in good shape, financially. We had enough cash to fund all of our appropriations. Our cash balance has increased the last couple of years primarily due to the cuts we established a couple of years ago and frugal management.”
Klitzman added that the corporation isn’t where it needs to be in terms of a “comfort zone” with the cash balance, but it’s a work in progress.
The board went through the corporation funds and the extra-curricular funds, which are funds held by organizations within the corporation and are not taxpayer money. Those funds are raised by students and are spent at the discretion of the organization. However, they are subject to the same oversight by the State Board of Accounts.
The 2014-2015 fiscal year budget is now in effect and things are going well so far.