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...