Wrangell Sentinel -

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By Marc Lutz
Wrangell Sentinel 

School district draft budget draws on reserves to balance revenues and spending

 

January 25, 2023



If not for drawing on its fund balance, the Wrangell School District’s 2023-2024 budget would come up short.

However, by drawing $112,000 from its general fund balance, the first draft of the budget matches revenues with expenditures.

Tammy Stromberg, the district’s business manager, presented the draft to the school board in a work session on Jan. 16. In the draft budget, total expected revenues for the 2023-2024 school year are $5,036,098, whereas expenditures total $5,148,136, a difference of $112,038. Drawing on savings covers the gap.

“We are projecting expenses in excess of reve...



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