Lisbon Schools approved their certified annual report for the school year.
Lisbon business manager Laurie Maher noted that the district’s solvency ratio has slightly decreased, from 20.6 last year to 18.15 percent this year.
“A little decline in our solvency ratio is okay,” Maher said. “What we don’t want is to have too much money in our bank accounts. As a school, we need to be spending the money we have on running the school.”
The district’s unspent authorized budget slipped from $2.935 million last year to $2.814 million, a roughly $121,000 decline.
The district also has roughly a $219,0000 deficit in special education budget that the district will seek approval from the state for allowable growth. Maher said that is a $45,000 increase in the deficit for the account from last year, but that is also reflective of additional increases in funding for special education.