PRINCETON — Princeton High School is looking at a deficit budget for Fiscal Year 2015.
PHS Superintendent Kirk Haring presented the proposed FY ‘15 budget at Wednesday’s school board meeting, noting the district is projecting total revenue in all funds of $7,306,520 and total expenses in all funds of $7,800,696, resulting in a deficit of $494,176.
Haring said this is a worst case scenario budget with a lot of things still to be ironed out at the state level as far as school funding. The education fund, the largest fund for the school district, shows the largest deficit at $735,476.
“But once again, we will try to find as many ways as we possibly can to bring that deficit down,” the superintendent said. “We will continue to monitor all areas of the budget to assure we maintain financial stability.”
On Tuesday, Haring said the district has an unaudited FY 2014 fund balance of $6,584,288.
Following the superintendent’s budget review, the board voted to place the proposed FY ‘15 budget on file and set a public hearing on the budget for 5:45 p.m. Sept. 29, prior to the next monthly board meeting.
In other business at Wednesday’s meeting, Principal Andy Berlinski presented the ACT college readiness report for the 2013-14 year. PHS continues to have very strong scores with the composite score for 2013 at 21.1 and the composite score for 2014 at 21.3. The state average for 2013 was 20.6; the state average for 2014 was 20.7.
Beginning in 2013, the ACT began to include the scores of special education students in the report, Berlinski said. Prior to 2013, special education students were not included in the testing.
Illinois is one of 12 states in which all students take the ACT, Haring said.
Also, the school board approved the purchase of portable bleachers for the north end zone of the football field, at a low bid of $31,800 from Century Industries. The company is providing temporary bleachers in the end zone until the permanent ones can be built and installed, which will hopefully be in time for the second home football game, Haring said.
The new bleachers are designated for PHS students. The students had been asked if they would like their own section of bleachers, and if so, where they would like them. The majority of students wanted their own bleachers and said they would like them in the end zone, Haring said.
The board also voted to lease a new 71-passenger budget from Midwest Bus at a cost of $10,950 a year.
Haring thanked the Booster Club for its recent contributions to the school, including a new bench by the concession stand, and also thanked the football parents and volunteers for the Tiger paw prints and lettering around three sides of the school. The district is very fortunate to have such a supportive community, Haring said.
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