Financial Recovery Plan
If you have interest in serving on the finance committee and learning more details about the financial performance and plans for the district please send an email to Sp_adams@springfieldspartans.org.
In the Spring of 2019, Springfield LSD began projecting deficits in FY21 and FY22. The Department required the district to submit a written plan to address these deficits. Despite the written plans submitted, in the fall of FY21 the district projected further erosion of the district’s financial position and the district was declared to be in fiscal caution on October 9, 2020. Despite district efforts, the district ended FY21 with a 2.8 million dollar deficit and the district was placed into fiscal watch on Sept. 14, 2021. The district’s FRP workbook was approved on January 7, 2022, and a revised narrative was approved on Feb. 1, 2022. On Dec. 27, 2022, the Department advised statute requires a district in fiscal watch to submit an updated FRP every year. In response Springfield has prepared this required update due no later than Feb. 28, 2023.