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Local

BV School Board plans hearing on 2019-20 budget

It will take place at 6 p.m. Monday in district office

Jason Stabler
superintendent, Bureau Valley School District
Jason Stabler superintendent, Bureau Valley School District

MANLIUS — The Bureau Valley School Board will hold a hearing on the school district's proposed 2019-20 budget at 6 p.m. Monday in the district office.

The tentative budget, as approved by the board at its Aug. 19 meeting, calls for total estimated revenue of $15,182,892 and total estimated expenses of $16,872,647, for a projected deficit of $1,689,755, according to a district budget summary.

Superintendent Jason Stabler said the final budget is expected to change somewhat, as the tentative budget did not incorporate final figures included in the new two-year teachers' contract.

The contract, which was approved by the board on Aug. 19 and afterward approved by the teachers' union, includes increases in base salaries for certified staff of 1 percent the first year and 1.5 percent the second year.

The budget's overall deficit is largely influenced by one line item, capital projects, which utilizes leftover bond money from the previous fiscal year as part of the major school construction project that was completed in August, which came after the district's fiscal year began on July 1.

The capital projects fund has estimated revenue of $25,000 and estimated expenditures of $1,866,228, for a deficit of $1,841,228 — an amount larger than the projected deficit for the entire budget.

Other funds and their estimated revenues and expenses are:

Education — $9,083,046 in revenue, $9,210,050 in expenses, for a deficit of $127,004.

Building — $1,378,456 in revenue, $1,177,642 in expenses, for a surplus of $200,814.

Bond and interest — $1,302,225 in revenue, $1,310,056 in expenses, for a deficit of $7,832.

Transportation — $1,232,550 in revenue, $1,350,255 in expenses, for a deficit of $117,705.

IMRF/Social Security — $499,075 in revenue, $510,405 in expenses, for a deficit of $11,330.

Working cash — $79,030 in revenue, $79,010 in expenses, for a surplus of $20.

Tort — $1,506,500 in revenue, $1,140,000 in expenses, for a surplus of $366,500.

Life safety — $77,010 in revenue, $229,000 in expenses, for a deficit of $151,990.

Final passage of the budget is expected at Monday's regular meeting, which will follow the budget hearing.

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