https://www.smdp.com/oops-smmusd-did-it-again-a-big-surplus-instead-of-a-big-deficit/
SMMUSD projected a $9M deficit but ended with an $8M surplus. Revenue estimates were conservative, leading to significant budget miscalculations. The district now has $89M in reserves, exceeding its 33% target.
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#school #budget #surplus #finance
SMMUSD projected a $9M deficit but ended with an $8M surplus. Revenue estimates were conservative, leading to significant budget miscalculations. The district now has $89M in reserves, exceeding its 33% target.
Image:
#school #budget #surplus #finance
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