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School System Sitting on Millions in Reserve Funds en.wikipedia.org
August 1, 2016

School System Sitting on Millions in Reserve Funds

The Rapid City area school district currently has tens of millions of dollars in reserve funds as it enters into the 2016-17 school year. According to a report by the Rapid City Journal, the extra money comes from a combination of large projects budgeted for, but not pursued, and money left over from other projects from previous years. The leftover funds are then used as a foundation with which to build the next school year's budget. Several board members see the reserve as helping new Superindent Lori Simon get a leg up on her first year in the position without having to make any budget cuts to start with.

To read past news articles related to the Rapid City Area Schools, be sure to click on this archives link.

For more information on the education and training areas of Rapid City, check out this Black Hills Knowledge Network resource page.

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