October 21, 2015 at 2:00 a.m.
News brief: FR finances strong
News brief: FR finances strong
FORT RECOVERY — The financial picture just keeps looking better for Fort Recovery Local Schools.
In reviewing the five-year financial forecast Tuesday, treasurer Lori Koch told Fort Recovery School Board she projects a year-end general fund balance of $4.8 million for fiscal year 2016. That represents a $1.12 million increase from 2015, continuing a pattern that has seen the balance rise from less than $3 million at the end of 2013.
It is expected to continuing climbing to nearly $6 million in 2018 thanks to an increase in state funding.
For more, read Wednesday’s edition of The Commercial Review.
In reviewing the five-year financial forecast Tuesday, treasurer Lori Koch told Fort Recovery School Board she projects a year-end general fund balance of $4.8 million for fiscal year 2016. That represents a $1.12 million increase from 2015, continuing a pattern that has seen the balance rise from less than $3 million at the end of 2013.
It is expected to continuing climbing to nearly $6 million in 2018 thanks to an increase in state funding.
For more, read Wednesday’s edition of The Commercial Review.
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