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News Story
Updated: 11/21/2013 10:22:15AM

School district has more reserve funds than expected

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Jane Goodwin

By ANNE KLOCKENKEMPER

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SARASOTA COUNTY — During a Tuesday workshop, the Sarasota County School Board received a positive preliminary budget update from staff: According to Al Weidner, deputy chief financial officer for the district, the ending fund balance through June 30, 2014, will be $2,122,314 higher than originally estimated.

“The original, unassigned fund balance amount we were going to use was $9.2 million, but revising that figure takes us to $7.1 million,” he told the board. “That takes us to 9.27 percent, which is in the upper range of our fund balance policy of 7.25 (percent) to 10 percent.”

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