During their scheduled meeting Monday, September 20, the Haakon School Board 27-1 School Board approved the 2010-2011 budget.
The anticipated general fund revenue is $1,984,729. The budgeted appropriations is $2,240,094. The difference of $255,365 will come out of reserves. Current reserves are around $800,000. At current estimates, that surplus will last less than four years, then the fifth year will be negative.
Superintendent Keven Morehart said, "The biggest concern was figuring the local and state effort for state aid. No one else knew, and the state wouldn't answer.