FARMER CITY — Deficits are expected in some funds for the Blue Ridge school district.
Despite the financial shortfall, Superintendent Susan Wilson says the budget is sustainable for now.
Blue Ridge school board members approved the tentative 2013-14 budget this wek.
The projected budget for fiscal year 2013-14 includes a deficit of $1.2 million in the education fund and a deficit of $385,000 in the operations and maintenance fund. With fund reserves, the district will end the year with a balanced budget. However, Wilson said the following year's budget would need careful scrutiny.
"We have a much narrower margin on the fund balance and will be very careful for budgeting future years to continue to sustain appropriate fund balances," Wilson said.
Much of the expenditures in this year's budget are related to all of the work being done on the buildings in the district.
The board had planned to transfer $626,000 from the education fund to help cover some construction costs in Mansfield including the demolition of the elementary school and the installation of a new parking lot.