MONTGOMERY, AL (WSFA) - The Montgomery Public School system says it ended fiscal year 2011 with a better financial balance than had previously been projected. In the late spring, officials projected MPS would end the year with approximately $2.2 million in the system's general fund.
But because of changes in state rules, reductions in spending, a slight increase in revenues, and almost $1 million in energy savings, the System says its general fund unreserved balance stands at $7.9 million.
Needless to say, Montgomery Public Schools Superintendent Barbara W. Thompson was thrilled with the news. "We have worked very hard to reduce our expenses," Thompson said. "We still have a lot of work to do, but I am very proud of the work of our employees to save every possible penny."
While the system admits economic projections for the coming months are cautiously optimistic, officials say having the extra resources provides a much needed cushion.
"The superintendent and staff have been very successful in their work to increase the resources we have available in case of an emergency," said MPS Board President Charlotte Meadows. "I know other board members join me in congratulating them for their efforts."
The system has been working diligently to reduce spending with an emphasis on reducing energy consumption. This effort includes upgrades to equipment when needed to increase efficiency and educating staff on ways to conserve resources.
"We continue to look for ways to save money and try to put as many resources as possible in the classroom," added Superintendent Thompson. "We will do our best to continue to offer our students the best education possible and be good stewards of public funds."
INFORMATION SOURCE: Montgomery Public School System