Local News

Financial Health Improving for School Corporation

(La Porte, IN) - The health of the La Porte School Corporation will soon see new improvements.

 

According to school officials, the operating budget last year ended with more than an eight percent cash balance. The operating budget the previous year finished with less than one percent. Superintendent, Dr. Sandra Wood said at a recent board meeting, this shows that recent cost cutting measures are working.

 

“It’s a testament to the work this corporation has done to redirect the ship,” she said.

 

Wood said there’s still work to do, though, because the goal, ideally, is for every budget year to end with a 25 percent cash balance.  The reason is to have enough emergency funds on hand to cover unexpected costs that might arise in the future or help pay for any future building projects.

 

School Board President Ryan Seaburg said he appreciates the effort that was put into reversing the declining financial trend.

 

“I know it’s hard and I know it’s not popular but it’s necessary,” he said.

 

One of the decisions to help with school financing was the board’s vote last year to close Lincoln Elementary School at the end of the current school year and use it for housing the districtwide preschool program.

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