bg-header-wemu-rs.jpg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
0000017d-4e0c-dda1-a7fd-4fde73920000

Ann Arbor Schools Audited Budget Shows Less Use of Fund Balance Than Expected

423122_254465751302777_129335343_a.jpg
AAPS

Ann Arbor Public Schools used less fund balance last year than approved in the final budget.  The School Board last night received a briefing on the 2013 fiscal year budget audit.  The audit shows the district used $7.2 million dollars in fund balance, compared to projections of up to $9.8 million.

Superintendent Jeanice Swift says halting furniture and most equipment purchases, travel restrictions, and other measures starting in March saved about $1.5 million.   Swift says many of these restrictions are back in place following student enrollment numbers not reaching projections in September.  

For more information visit the Ann Arbor Public Schools release on the matter:

Annual audit better than expected but district finances still not ideal

Related Content