Florida county schools face $7.5 million revenue loss

Wednesday, May 29, 2013

That raises the prospect the district will have to dip into its reserves as well as cut expenses.

Florida law requires school districts to keep at least 3 percent of its general fund in reserve for emergencies. Clay’s reserves potentially could drop below that requirement next year unless the district cuts expenses, of which most are employee salaries and benefits, or it receives additional revenue.

How much of its reserves may be needed won’t be known until the school system gets its final student enrollment funding numbers from the state. At that point administrators will crunch the numbers so Superintendent Charlie Van Zant Jr. can prepare a budget recommendation for the School Board.

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