Unexpected Savings Put Chippewa Valley Back in Black for 2012-13
Additional revenue and fewer expenses have translated to a balanced 2012-13 budget with a bit to spare for Chippewa Valley Schools.
A combination of additional revenue and unexpected savings will allow Chippewa Valley Schools to keep its rainy day fund intact for another year. Originally anticipating a $3 million deficit in its 2012-13 budget, the district now looks to break even with $400,000 to spare. Whereas the original district budget, passed in June 2012, estimated Chippewa Valley would take in $134.7 million in revenue, but spend $137.8 million for basic programs, staff, support services, administration, transportation and other instructional needs, the first amended budget, approved by the school board Jan. 14, shows district finances in a much better light. Current estimates show Chippewa Valley revenue increasing to $136.8 million while expenditures drop to $…
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