A quarterly audit of the Roosevelt School District finds it is doing a much better job of managing its finances than in the past.

The state comptroller?s office says the district is on its way to ending the school year with a $1.7 million surplus, not including the $14 million bailout recently authorized by the state. Last year, the district ended $8 million in the red.

According to the audit, the district?s revenues are $632,000 higher than budgeted. However, the district has a lunch fund deficit that needs to be taken care of.

The comptroller is recommending Roosevelt stick to budgeted expenses and use its predicted surplus to eliminate the lunch fund deficit.

Francis Cooper of the Roosevelt Watch Society says he?s been waiting a long time for good news from the comptroller?s office. However, he says it may be a few years before the district is out of the woods.

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