Saline Area Schools

Saline Area Schools Borrow to Meet Summer Payroll

 07/01/2015 - 00:28

Saline Area Schools will borrow $3.5 million to cover costs until the state resumes its regular funding of Michigan’s public school districts this fall. The Board of Education authorized Assistant Superintendent for Finance Janice Warner to sign and execute the loan agreements at Tuesday’s special Board of Education meeting.

Saline Area Schools Fund Balance Balloons to 6.8 Percent

 06/24/2015 - 00:43

Though there are challenges ahead, the Saline Area Schools will finish the 2014-15 budget year in better fiscal shape than they’ve been in years. The district's fund balance will rise to $3.6 million by the end of the fiscal year. But the district is planning to borrow from that healthier fund balance in the next 12 months.