West Feliciana schools end year with surplus
ST. FRANCISVILLE - Better-than-expected sales tax collections, an increase in state aid and budget cuts helped the West Feliciana Parish school system end the 2012-13 fiscal year with a surplus.
Instead of having to dip into a "rainy day" fund to the tune of $500,000 as expected, Finance Director Helen Davis says the district ended the fiscal year with revenues topping expenses in the general fund by $988,353.
Davis says the board's general fund received $125,542 more in sales tax revenues than anticipated in the fourth quarter. A half-cent sales tax dedicated to specific purposes also came in with nearly $200,000 more than budgeted.