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Board adopts budget for upcoming school year
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By Daniel McGonigle
Argus Managing Editor
“It’s hard to balance a budget when revenues increase by two percent and expenses increase by four,” said Superintendent Mike Moriarty of the Caledonia Area School’s 2008-2009 budget. “It took some work but we’ve got a balanced budget.”
The Caledonia Area school board adopted their budget for the 2008-2009 school year on a unanimous approval.
General fund revenues came in at $7,775,537 compared to last year’s budget of $8,119,536, a difference of $343,999.
Expenditures for the upcoming school year came in at $7,774,433 whereas last year’s expenditures was $8,183,953.
Depending on student enrollment numbers, there could be a little more breathing room.
“Enrollment is down overall, but if we end up with 10 to 15 more students by next fall we could end up a little more above water,” noted Moriarty.
The budget presented to the school board does include all up to date contracts, including the transportation contract.
The contract amount for the 2008-2009 school year will be $488,735.44 and the contract amount for 2009-2010 will be $503,397.50. The contract includes a fuel cost escalator that will kick in at $1.55 per gallon but will be limited to a total cost to the district of $20,000 for the 2008-09 school year, and $25,000 for the 2009-10 school year.
“That is an extension to the current fuel contract,” said Moriarty.
Some aspects of the budget aren’t yet settled: those being the principals contract and the bread/milk bid to name a few areas.
“This budget is the best we could do with what we’ve got right now,” said Moriarty. “The fund balance is not great but it’s manageable. We’re not growing but we’re maintaining.”
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