At the August Board meeting, Business Manager Joel Murphy presented information about the tentative budget for 2014-2015. He said the primary purpose of the budget is to translate the district’s educational priorities into program and financial terms.
Unlike a business, a school district’s budget is not to show how to make money or save money. The budget shows how to spend money to benefit the children. The budget serves as a legal document granting authority to spend and levy taxes. It is a managerial document which outlines clear expectations for maintaining and monitoring the District’s financial health. It is a “road map” for education with desired outcomes and priorities. It is also a community document, communicating the District’s educational plan and priorities to the community. He emphasized that the budget is an estimate—an estimate of the expenditures needed to carry out the desired programs and an estimate of the revenues which will be available to pay for the expenditures.
The tentative budget adopted by the Board will be on public display for 30 days. The hearing for final adoption will be on Wednesday, September 24th at 7:00 p.m. at Dewey School. Mr. Murphy explained the budget is 4.84% lower than last year’s. Revenues are down 1.91% at $68.7 million. The savings in this year’s budget are coming primarily from the switch in the district’s health insurance. The $1.56 million deficit in this year’s budget is mainly due to Life/Health Safety funds received last fiscal year but will be expended this year.
2014-2015 Tentative Budget (click here)