The school board approved its fiscal year 2014 budget Wednesday during a special called meeting. That budget — which covers the upcoming school year — includes an additional $862,929 in revenue as a result of the final tax digest figures submitted to the school board last week.
Superintendent Jeff McDaniel said the final digest was down 0.64 percent, but the original budget numbers were based on a 2.25-percent decrease.
The result is that McDaniel said he’s doing some rehiring and he hopes to make a recommendation at the September board meeting to cut the number of employee furlough days to 8 from 10.
McDaniel said he didn’t make the recommendation Wednesday because he wants to be sure the plan can be sustained moving into the future.
“We don’t want to create a roller coaster,” McDaniel. “That could happen, because we never know what the state’s going to pull on us.”
The recommendation will await a month’s worth of enrollment figures after school starts. McDaniel said it’s important to
get accurate numbers that are linked to Quality Basic Education funding formula.
If those two working days are added back for the instructional staff, they will be added on non-teaching days in the schedule.
“It’s just too late to change the calendar at this point,” McDaniel said.
The general fund budget revenues for the fiscal year are now projected at $95,990,177. Expenditures are set at $86,835,702, which should leave a fund balance of approximately $9.15 million at the end of June 2014.