Losses higher than expected
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.