(Essex) Essex school officials are already setting financial goals for the district heading into the new year.
Discussion on the district s line item budget took place at a recent Essex School Board meeting. Speaking on KMA s Morning Line program Monday morning, Essex School Superintendent Dr. Mike Wells says the review of line item expenses was part of the board s goal for next fiscal year to keep expenses under the $3 million mark. Wells says the district s unspent balance will play a big role in meeting that goal. If your unspent balance goes negative, said Wells, that s how the state of Iowa closes you. Farragut, when they were closed, they actually had cash in the bank, but they didn t have any authority to spend it. So, that s the key factor for us to look at as we re doing our budgets, and we re doing negotiations with our staff, and if we stay under $3 million we bring in about $3.2 million a year our unspent balance would actually grow.