TOPEKA, Kan. (WIBW) - The Topeka Public School District held its final board meeting of the fiscal year Thursday.
Board members met for a short time to transfer funds to different accounts before the next fiscal year begins Monday.
Officials say there are many achievements the board made over the past year, but the most significant includes ending the year with a healthy balance in the contingency reserve. The reserve allows the board to spend the money quickly in case of an emergency.
Patrick Woods, President of the USD School Board, said they also decreased net expenditure on administration by $45,00, increased student growth rates, and have offered more services to students to help them be successful.
Woods says it costs about $1 million a day to operate a school district the size of 501. They're ending the 2013 fiscal year with $3.5 million in the contingency reserve.