Meeker School District to use reserve funds on budget shortfall

MEEKER I Meeker School District unanimously passed a revised budget Tuesday night that included the projected $1.26 million shortfall being covered by the district’s reserve funds.
The approved budget meets 2013-2014 obligations with no major cuts in teachers or programs, Superintendent Mark Meyer said.
Reserve funds are saved for financial crisis or to meet unanticipated costs.
The Colorado Division of Education recommends that six months of reserves be kept by school districts.
Prior to Tuesday…