ROANOKE - At Thursday evening's meeting, the Roanoke-Benson school board was informed the district ended the fiscal year, which ended June 30, with revenues that exceeded expenses in each of the three major funds.
They took in $4,823,108 in revenue in the education fund and spent $4,643,445 posting a year-end balance of $802,562.
“The Ed. Fund is still holding good,” commented Superintendent Rohn Peterson of the fund that consumes most of the district’s annual resources.
In the operations and maintenance Fund, the District took in $451,038 in revenue and spent $443,601 and ended the year with a balance of $814,310. An extra non-budgeted payment from the state boosted the transportation fund out of deficit balance of $13,154 last year to ending this year in the black with a balance of $41,655. The district took in total revenue of $396,295 and spent $341,486 in the fund.
“We were able to meet our expectations and exceed them,” Peterson said. “When the state comes through, we can run our transportation fund (in the black). The state still owes us one payment. I’m optimistic we’ll get four payments this year.”
See article on July 26 Woodford County Journal newsstands