Jun 4, 2013 8:54 AM by AP

Lafayette board closes in on budget shortfall

A combination of nearly $2.4 million in cuts from other accounts and another $1.8 million in cuts by central office supervisors helped close the Lafayette Parish School Board's $4 million budget shortfall, resulting in a nearly $136,000 surplus.
The Advocate reports the board met Monday to review its $256 million general fund, which includes its daily operational spending for the upcoming school year.
Chief Financial Officer Billy Guidry cautioned the board against using the facility accounts as a one-time source for money since it's purposefully built up the accounts with sales tax revenue to take care of facility needs.
The board will continue its budget discussions on Wednesday.


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