There's a hole in his pocket, dear Liza , dear Liza

Uh..oh....it happened AGAIN!
The district got caught spending (what used to be) 2011-12 surplus funds on equipment that SHOULD have come out of the 2012-13 budget.

This time we "over-spent" the budget by about $200K, bringing the total of hoovered surplus funds to $500K. Word is that it was for computers next fall.



Budget line #560, EQUIPMENT_REPLACEMENT

2011-12	May	2011-12		2011-12 FYTD
REVISED	Activity	Total	Encumbered	Unencumbered
Budget	2011-12	Spent	Amount	Balance
213,548	13,721	203,934	197,274	-187,660

That there negative balance means that we've exceeded the budget by $188K.
The encumbered amount, $197K, is what suddenly got spent once somebody knew there was a surplus.  You know...let's bend that surplus like Beckham before we have to give it back to the taxpayers??
 Doesn't $200K have to go through the school board? Be bid?

C'MON PEOPLE!