Despite reorganization incentive funds being cut, budget in the black
by Ariana Cherry
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.