Budget difficulties return for Medical Lake in 2012-13
June 28, 2012
By JAMES EIK
In the first meeting after the end of the school year, the Medical Lake school board received both the good and bad side of finances.
The 2012-13 school year is expected to end in a $650,000 budget deficit, which, despite cost-cutting would result in the district's fund balance dropping from $1 million to $350,000. In a public hearing preceding the Tuesday, June 26 meeting, business manager Don Johnson said the remaining money in the fund balance was concerning.
“That's only about 2 percent of our budget, and that's lower than I'm comfortable with,” he said...