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School board approves 2011-2012 budget
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The Newton County School Board unanimously approved the 2011-12 budget last night; a budget that is nearly $6 million less than this year's operating budget. The beginning fund balance (which is carried over from the 2010-11 school year) is expected to be $11,394,127 and, with local and state sources added, will likely come in at $138,630,061 for the 2011-12 school year. While that seems sufficient, with expenditures of over $131 million, it leaves an ending fund balance of just $7.4 million - and that's if there are no more cuts.