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Losses higher than expected

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School board millage rates to stay the same
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Finances were the hot topic of the night during the Tuesday night regular meeting of the Lincoln Parish School Board.

In a unanimous vote, with the exception of District 1 representative Mattie Harrison who was absent, board members approved and accepted the corrected budget from the 2011-12 fiscal year. George Murphy, business manager, explained that last year it was estimated that the 2011-12 fiscal year would end with a loss of $786,355. However, the board actually ended with a loss of $922,586. This leaves the board with approximately $33.8 million in reserves for the start of the 2012-13 fiscal year. Murphy said the budget would be presented at the September meeting.

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