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District 280 OKs FY14 budget

Posted: Tuesday, Sep 17th, 2013

MENDOTA – Mendota High School’s 2014 fiscal year budget was approved during the regular board of education meeting on Sept. 16. The meeting was preceded by a budget hearing, during which Superintendent Jeff Prusator told board members there was not much change from the tentative budget he presented in August.

Bottom line, the budget shows a total deficit of -$240,148 for the coming year. “That’s not real bad considering the economic times we’re in,” Prusator said. “Again, it’s something we have to continue to monitor.”

Broken down by fund, the 2014 budget shows deficits in the Education Fund (-$209,767), Operations & Maintenance Fund (-$102,170), Transportation Fund (-$97,331), Capital Projects (-$3,160), Tort Immunity & Judgment (-$3,618) and Bond & Interest (-$316).

Funds with positive balances include IMRF/SS ($73,110), Working Cash ($98,929) and Fire Safety ($4,175).

Prusator noted that some extra money was budgeted in the Building Fund for repairs and maintenance on the nearly 10-year-old high school building, depending on circumstances during the course of the year. Likewise, the deficit in the Transportation Fund allows for the purchase of two school buses.

“The expenditures I honestly believe will come in pretty close by the end of this fiscal year and again, the revenue is our best guess at this point,” Prusator said. “A lot of that depends on what happens in Springfield.”

For the complete article see the 09-18-2013 issue.

Click here to purchase an electronic version of the 09-18-2013 paper.

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