The school board met for the fifth time this month to discuss budget options both for the 2012-2013 school year and going forward.
The school board has already cut $2.5 million from the Fiscal Year 2013 budget due to austerity cuts.
Director of Finances Alan Melson stated the board needed a fund balance of between $3 and $4 million to avoid going into debt. The budget currently has a fund balance of $1.3 million assuming the board made no more cuts or approved a millage rate increase, Melson said.
"Where we're at right now you could get through FY 2013," Melson said. "However, barring some major funds we would face $4 million in cuts next year just to get back to a $3 million fund balance,"
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