BATON ROUGE — The East Baton Rouge Parish school system overspent its budget for the second year in a row, according to a report by a local newspaper.
The Advocate reported that the school system has to move nearly $4.9 million from its general operating fund to the Child Nutrition Program. EBR Schools transferred $885,000 last year for the same issue.
This means that the district financial reserves, also known as its “unassigned fund balance,” will likely shrink by 5%, the newspaper wrote. The shrinking of these funds means less money is available for unforeseen events and natural disasters…