PRINCETON — Princeton Elementary School District continues to face challenging financial times.
At Monday’s meeting, the PES Board heard from auditor Joel Hopkins who reviewed the district’s Fiscal Year 2013 audit, saying revenue was down and expenses were up for the year.
The audit shows the district received $10,104,546 in total revenue for FY ‘13 which was about $250,000 less than received the prior year. Total operating expenditures for FY ‘13 were $11,136,486, which were up about $345,000 from the prior year.
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