$558,054
School District’s projected “budget deficit” based on the District’s November 17, 2004, 3 year financial plan given to Holland teachers.
$960,013
School District’s projected “budget surplus” based on the District’s October 10, 2005, 3 year financial plan. This projection is based on the same salary and benefits used in the November 2004 projection.
$910,000
2004-2005 budgeting ERROR admitted by the district.
$2,428,067
Difference between the school district’s November 2004 and October 2005 budget projections with the budgeting error included.
How can two projections just 11 months apart, based on the same factors have a difference over $2,400,000?
The school district’s future projections just don’t carry any credibility.
