10/21/14 – 5:26 A.M.
The Fostoria school district is looking at a better financial picture. The Review-Times reports Treasurer Norm Elchert talked about finances during Monday’s school board meeting. Elchert says the district should see revenues of more than $633,000 for fiscal year 2015. Revenue should top more than $384,000 for fiscal 2016.
Deficit spending has gone down as well. The school spent $2 million more than it brought in for fiscal year 2013. For this fiscal year that’s been cut to a little more than $282,000. Projections for the future show a slight budget surplus for the next fiscal year.
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