xtiger
10-26-2006, 07:27 AM
http://www.cantonrep.com/index.php?Category=9&ID=315545&r=11&subCategoryID=0
MASSILLON The Board of Education on Wednesday adopted a five-year forecast of revenue and expenses that shows a negative balance of $7.8 million in 2011.
District Treasurer Teresa Emmerling described the forecast as a "management tool" to help district officials determine future financial decisions.
She said these forecasts always show a large negative balance in the fifth year because school districts predict conservatively on revenues but more accurately on expenses.
MASSILLON The Board of Education on Wednesday adopted a five-year forecast of revenue and expenses that shows a negative balance of $7.8 million in 2011.
District Treasurer Teresa Emmerling described the forecast as a "management tool" to help district officials determine future financial decisions.
She said these forecasts always show a large negative balance in the fifth year because school districts predict conservatively on revenues but more accurately on expenses.