In 2012, the District reported that its reserved fund balance was $3,227,812.
In 2008, the administration reported a unreserved-undesignated fund balance of $2,951,202.
The diocese said the current fund balance was $10.9 million.
We also have to build up our fund balance.
The district business manager estimates having an $5.1 million fund balance in June 2012.
We knew the fund balance was coming to an end.
The designated fund balance was reported as a deficit of -$31,833.
In 2008, district officials reported an unreserved-undesignated fund balance of $841,153.
The $1 million difference was recorded as a credit to the fund balance.
For the 2011-12 school year budget, the Board used $5.2 million of fund balance.