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Mild winter, personnel vacancies increase schools' fund balance

March 25, 2013

Energy savings from a milder winter than expected, vacant positions, and vacancies being filled by people with lower salaries contributed to second-quarter savings that increased Washington County Public Schools’ fund balance by $1.6 million, Chief Financial Officer Chris South said.

The fund balance, which is built up through annual surpluses and savings throughout the year, was $12.5 million as of March 19, when the school board approved second-quarter budget adjustments, according to an online video of the March 19 Board of Education meeting.

The savings included $356,800 in energy savings due to a milder winter than forecasted, South told board members.

— Julie E. Greene

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