- The district claims that its general fund balance will fall from $2.339,239 to $1,183,501 by the end of the 2008-2009 school year (June 30, 2009). This is a reduction of $1,155,783. However, when considering this estimate, keep in mind that the district has made similar, but incorrect, predictions in the recent past.
- For example:2007-2008... as of June 30, 2008, the district predicted that their general fund balance would fall by $(338,381). Instead, the Audit shows that the district general fund balance went UP by $489,963 which is an error of $828,344.
- 2006-2007 school year: predicted $(801,632) change in fund balance - actual change was $(11,075) = error of $790,557
SOURCE: (http//www.nsd.k12.mi.us/dp/detail.php?pageID=91)
