Arthur-Lovington School Board Adopts Budget

Despite reorganization incentive funds being cut, budget in the black

by Ariana Cherry
Arthur/Sullivan Reporter

The Arthur-Lovington School Board adopted a new tentative budget for the 2013-2014 school year last Wednesday, with a beginning cash balance on hand of $2,125,989 as of July 1, 2013. The district estimates their ending cash balance at $1,598,966 for June 30, 2014. 

“It’s a little better than I thought it would be a few years ago,” commented Superintendent Travis Wilson. “All funds are in the black.

“We received a few more thousand dollars from the state incentive money that we were promised,” Wilson noted. Arthur-Lovington’s second year reorganization incentive funding was cut by $121,000. Wilson stated that he was currently working to secure the rest of the funds by contacting state representatives.     Login or Subscribe to read the rest of this story.

Comments are closed.