MCSD Dealing with Projected Shortfalls
By: Staff
Updated: February 19, 2013
MONROE -- The Monroe City School District tackled several things in tonight's meetings, including budget shortfalls for this fiscal year.
The district's finance committee meeting discussed the revised budget for the current school year.
According to the board -- the changes include a projected decrease of $1.2 million from the adopted budget. The board says they plan to add $22,000 to the current budget reduction plan.
"We're happy to say we don't anticipate any great cuts that are gonna be needed for this fiscal year," said Interim Superintendent Derenda Flowers.
The board says the district so far went $22,000 over what they planned because of the revenue difference. Board officials say they cut more expenses than lost in revenue.
"So, were making reductions in the interest of trying to maintain this orgization and then hopefully we can start on next year," said Flowers.
Property taxes are expected to decrease by $220,000. Funding from MFP is expected to drop by about $853,354 -- this loss is based on a reduction of 104 students and 39 voucher students.
ROTC is decreased by $190,000 as reporting is now required in a separate fund.
In expenditures, the board is projecting a decrease of about $1.1 million from the adopted budget.
Salaries are projected at $32.6 million, a decrease of about $1 million from the adopted budget. The administrators salary decreased due to the superintendent's lower salary. Therapists, counselors, specialists and deans increased based on actuals. Teachers decreased due to and ROTC moving into a separate fund, as well as vacancies and leave.
"Most of our savings are made up through various positions that have not been filled, various leave that have been taken, drawing the line on things like travel, materials and supplies," Flowers said.
Additionally, the board reports benefits have a projected increase of about $204,000. Group Health Insurance for active employees is projected to increase by $65,800 and retirement is projected to increase by $167,200 based on actuals.
The board is also keeping an eye on other expenses, which are projected to decrease at $375,000. This includes everything from fluctuations in utilities costs (projected to decrease by $132,000) to materials, supplies, equipment, and furniture -- which are projected to decrease by $144,000.
Board officials say they aren't planning any huge cuts so far, but cautioned they still have a long way to go.
"We have quite a ways to go because we still have quite a few months left of operations," said Flowers.
The district's finance committee meeting discussed the revised budget for the current school year.
According to the board -- the changes include a projected decrease of $1.2 million from the adopted budget. The board says they plan to add $22,000 to the current budget reduction plan.
"We're happy to say we don't anticipate any great cuts that are gonna be needed for this fiscal year," said Interim Superintendent Derenda Flowers.
The board says the district so far went $22,000 over what they planned because of the revenue difference. Board officials say they cut more expenses than lost in revenue.
"So, were making reductions in the interest of trying to maintain this orgization and then hopefully we can start on next year," said Flowers.
Property taxes are expected to decrease by $220,000. Funding from MFP is expected to drop by about $853,354 -- this loss is based on a reduction of 104 students and 39 voucher students.
ROTC is decreased by $190,000 as reporting is now required in a separate fund.
In expenditures, the board is projecting a decrease of about $1.1 million from the adopted budget.
Salaries are projected at $32.6 million, a decrease of about $1 million from the adopted budget. The administrators salary decreased due to the superintendent's lower salary. Therapists, counselors, specialists and deans increased based on actuals. Teachers decreased due to and ROTC moving into a separate fund, as well as vacancies and leave.
"Most of our savings are made up through various positions that have not been filled, various leave that have been taken, drawing the line on things like travel, materials and supplies," Flowers said.
Additionally, the board reports benefits have a projected increase of about $204,000. Group Health Insurance for active employees is projected to increase by $65,800 and retirement is projected to increase by $167,200 based on actuals.
The board is also keeping an eye on other expenses, which are projected to decrease at $375,000. This includes everything from fluctuations in utilities costs (projected to decrease by $132,000) to materials, supplies, equipment, and furniture -- which are projected to decrease by $144,000.
Board officials say they aren't planning any huge cuts so far, but cautioned they still have a long way to go.
"We have quite a ways to go because we still have quite a few months left of operations," said Flowers.
