The Superintendent’s Financial Statements for the month ending October 31, 2007, shows a negative General Fund unreserved fund balance.  This is due to property taxes not being received until approximately November.  While we expect the deficit to reverse next month, overall the fund balance will be lower than in the previous year because of the budgeted decrease in fund balance in the General fund due to State cuts.  The Food Service Fund revenues are down approximately 9% and expenses have decreased approximately 5% from the prior year.  School started almost two weeks later this year which means less student meals have been served year to date.   

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