Willmar Schools loses more of general fund reserve to rising costs, shrinking revenues
WILLMAR -- The general fund reserve continues to shrink in the Willmar School District.
A revised 2008-09 budget approved by the School Board on Monday indicates that the general fund will have an undesignated balance of $2.3 million at the end of the fiscal year, not the $2.8 million estimated last summer.
The change has to do with a number of factors that have pushed expenditures up and revenues down since the board first approved the budget in June 2008.
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