Tuesday, October 21, 2014

MCPS has $1.1 Million in Savings

After maintaining larger fund balances in recent years, Montgomery County Public Schools currently has about $1.1 million in savings, a significantly smaller amount that some school officials say could present a challenge when the next budget season comes around.
At the end of fiscal 2014 over the summer, the school system had $17.04 million left over, creating a total fund balance of $39.34 million, according to the school system. The Montgomery County Council used about $38.2 million to help fund the system’s $2.28 billion budget this fiscal year.


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