VICKSBURG, Mississippi — The Vicksburg Warren School District expects to have a $1.7 million shortfall in its maintenance fund at the end of the 2013-14 school year.
State law requires districts' maintenance funds end the year with the equivalent of 7 percent of the district's total operating budget. Seven percent of the district's $55 million budget would be about $3.67 million.
The Vicksburg Post reports (http://bit.ly/1cIigCo ) that district finance director Dale McClung told the board that the maintenance fund — its main operations account — would end the school year with a balance of about $1.39 million.
Districts whose maintenance fund drops below the 7 percent are required to submit a report to the Mississippi Department of Education detailing how the school board will reign in spending.
Information from: The Vicksburg Post, http://www.vicksburgpost.com