“Typically we go negative in the education fund roughly in the middle of March, all the way through the middle of May.”Įngel said that the education fund is the largest fund in the district, and that it pays for all of the teacher’s salaries and benefits, as well as supplies and materials used for teaching. “This is the first time the district has gone negative in the education fund this early in the school year,” he said. Engel said that the money in the district’s fund balance is not available for operational needs throughout the district, and a lot of the money is earmarked “for specific purposes and specific funds.” The district’s fund balance at the end of February was $27.5 million, but currently has a negative balance in its education fund with a deficit of $548,349. ![]() ![]() Anything extracurricular is going to be gone.” There would be very few electives, no sports, no activities. ![]() We’d be going down to a seven-period day versus an eight-period day. “There will be huge, massive cuts,” Engel said.
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