Revenue increases Tecumseh Public School budget to $23.2 million

  • strict warning: Non-static method view::load() should not be called statically in /home/tecumseh/public_html/sites/all/modules/views/views.module on line 906.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home/tecumseh/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 744.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home/tecumseh/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 607.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home/tecumseh/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 607.
  • strict warning: Declaration of views_handler_filter_boolean_operator::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home/tecumseh/public_html/sites/all/modules/views/handlers/views_handler_filter_boolean_operator.inc on line 159.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home/tecumseh/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 134.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home/tecumseh/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 134.

The Tecumseh School Board unanimously approved the first revision to the 2012-2013 budget at Monday night’s regular meeting.

Previous to the vote, Director of Business Services Judy Pfund had prepared a budget overview for the trustees that reported revenue in the general fund that is projected to be $23,286,717, reflecting an increase in revenues that were expected when the current fiscal year began on July 1. The recent independent audit had reported general fund revenues of $22,808,178 for the fiscal year ending June 30, 2012. Pfund’s report added that the general fund amount quoted does not include a state aid note of $1.5 million for fiscal year 2013.

The increase in revenue was due principally to the district receiving an additional $120 per student in foundation allowance and to a steady student enrollment instead of the anticipated loss of an unspecified number of students in the fall count.

Expenditures for the 2012-2013 fiscal year are expected to be $23,238,021, leaving the district’s books solidly in the black. The audited fund equity for the current fiscal year is $3,523,832 and is expected to increase by $48,697 for a projected balance of $3,572,528.

By state law, public school districts must present a balanced budget at the beginning of a fiscal year, but may revise the budget as necessary during the year.




Copyright © 2014
Herald Publishing Company
Site Design, Programming & Development by Maine Web FX