Hall approves 2013-14 budget
SPRING VALLEY — The Hall High School Board approved the 2013-14 budget at Wednesday night’s meeting. In the public budget hearing prior to the board meeting, Superintendent Mike Struna explained the budget shows deficit spending in the education, operating and maintenance, debt service and IMRF/SS funds.
The projected deficits in the education and operating and maintenance funds will be covered by the reimbursement of $314,270 from the new building bond when it is acquired. The district spent a large sum of money last year to cover the expenses of the architect for the building project.
Deficits in the debt service fund and IMRF/SS fund will be covered by balances held in those funds at the end of the Fiscal Year 2013 budget.
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