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Belding schools avoid borrowing for third year
For the third consecutive year, Belding Area Schools will not need to borrow money in anticipation of state aid payments. During Monday's meeting of the Board of Education, Finance Director Slater Martin said the district had spent approximately $2.8 million more than it had received so far this fiscal year because state aid payments had not yet arrived. However, sufficient reserves remain available to cover expenses without borrowing. "We're no…
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Belding schools avoid borrowing for third year
For the third consecutive year, Belding Area Schools will not need to borrow money in anticipation of state aid payments. During Monday's meeting of the Board of Education, Finance Director Slater Martin said the district had spent approximately $2.8 million more than it had received so far this fiscal year because state aid payments had not yet arrived. However, sufficient reserves remain available to cover expenses without borrowing. "We're no…
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