Supr. Carvin Notes importance of maintaining adequate Fund Balance

In the written report for tonight's Evansville Schools board meeting, at the very beginning of her discussion of the budget plan for the upcoming 2006-7 budget for Evansville Schools, Supr. Heidi Carvin noted the need for ending the plunging fund balance of the school district. Last year, you may recall, the district used about $250,000 from the fund balance to pay the increased utiilty costs. Obviously that cannot continue or as she notes, the district becomes bankrupt. This was a point made recently by the Observer in the candidate debates in the Eager Library.

Here are her remarks:


"Planning for 2006-07 School Year: When fund balance is used for unanticipated costs, it is
important to make budget adjustments the next year. This prevents the fund balance from
eventually going to $0 and the District becoming bankrupt. The struggle to build the fund
balance back up also continues. "

It is unclear at this time what positive contribution to fund balance will be made in the coming year. Stay tuned to the Observer or attend the Evanville School Board meeting at 6:30PM in the Media Room of the High School.