PSD in good financial standing despite COVID-19
April 30, 2020
The Petersburg School Board approved the fiscal year 2020 spring budget revision at their board meeting earlier this month, resulting in a $154,037 increase in revenue over the winter revision.
Director of Finance Karen Morrison said the increase in revenue was due to increases in local and student activity revenue. Additionally, the school district received $141,577 in a one time grant from the state that wasn't budgeted for.
"Now we have additional revenue that we've been able to use to address covid issues," said Morrison.
Since the winter budget revisions, expenditures increased by $5...