The Tallapoosa County Board of Education approved a fiscal year 2016 budget Monday night at its September meeting that it hopes will allow it to begin to accumulate the state’s required reserve of one month’s operating expenses or approximately $1.8 million.

The Board voted unanimously to approve a budget of $27.2 million, which equals just more than $1 million less that its expected revenues. Of that $1 million, approximately $300,000 of that money belongs to individual schools. The remainder of almost $800,000 is money out of which the system hopes to build up its reserve.