FREDERICKTOWN — The Fredericktown local schools board of education held its July meeting Tuesday evening and approved temporary appropriations for the new fiscal year.
Fiscal year 2019 began July 1 for the district. Treasurer Heather Darnold described the end of fiscal year 2018 as “an easy close to the year.”
Revenue for 2018 exceeded expenditures by over $900,000, Darnold explained to the board, which presented a smooth end to the year.
The full temporary appropriations for fiscal year 2019 are approximately $19.6 million.
For the board’s reference, Darnold expressed comparisons to the financial situation of the district as it is now, to where the district was in 2012. The ending cash balance of the district in 2012 was $2.2 million, as opposed to 2018, which was $7.1 million. Additionally, revenue was set at $8.8 million at the end of fiscal year 2012, whereas at the end of fiscal year 2018 the revenue was $12.2 million.