SPRING VALLEY — It’s going to take a few years for the Spring Valley Elementary School District’s budget to flow more consistently, following the John F. Kennedy School addition project. The district is looking at a deficit budget for Fiscal Year 2015, mainly because of the project, according to Superintendent Jim Hermes.
Hermes reviewed the tentative budget at Wednesday night’s school board meeting, before it was approved for the normal 30-day public display.
The district has budgeted for many items purchased for classrooms in the new addition — art room tables, computer lab chairs, office furniture, computers, wiring, etc.
“All that goes into this budget, so there’s really no big concerns,” Hermes confirmed.
One of the biggest ticket items budgeted was the $50,000 for computer software.
“We really want that to be perfect in the new building,” Hermes explained. “We want the Internet working as well as it does now and that cost includes servers, wiring, everything. Right now we are sitting at $39,000. We did go high when we budgeted $50,000, but I can’t see us going much higher than that.”
Other expenses Hermes pointed out were teachers’ salaries. With many new teachers on staff this year, it hasn’t affected the budget too much.
“We are really almost identical to where we were last year,” he said. “It’s a good thing, and it helps the budget in that there was no large increase.”
The total amount of expenditures predicted on the tentative budget total $9 million.
Last year, the district had projected $20 million, with the school addition project taking off, but ended up only spending around $18.9 million.
On the revenue side of the tentative budget, Hermes is predicting a slight drop in local taxes, compared to last year. The district was able to pull in $811,000 in FY 2014, and Hermes has predicted seeing around $800,000 this year.
Hermes spoke about lunches for students. Last year the district projected to bring in $7,000, but only saw $5,800 from school lunches. Hermes explained this year, the new lunch system will be automated and will be able to easily chart out a report of who is paying what.
“The only thing I’m looking at is our low income rate is rising and that effects the amount of money we bring in through the lunch program,” he said.
Hermes has budgeted $40,000 for student registration fees, which is the same amount he budgeted for last year, even though only $34,000 in fee monies were collected. For school bus routes, Hermes is predicting to capture around $14,000, which compared to last year, the district brought in $15,000.
“We’re not quite sure with the new bus routes, so I don’t want to go through with an odd number, so it’s a conservative guess,” he said.
The district projects to see $7.8 million in revenue for FY ‘15, which includes the prediction of getting just a little over $200,000 in state aid. Last year, the district had projected $16.6 million in revenues and ended up bringing in $16.9 million.
The board approved the tentative FY ‘15 budget and set a public hearing for 7 p.m. Wednesday, Sept. 24.
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