Revenue increases Tecumseh Public School budget to $23.2 million

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.

Tecumseh Herald

 

110 E. Logan St.
P.O. Box 218
Tecumseh, MI 49286
517-423-2174
800-832-6443

Email Us

FacebookTwitter

Latest articles

  • America Beltran, a 23-year-old graduate of Tecumseh High School was arrested by ICE agents in February.

    Wed, 03/27/2024 - 2:58pm
  • Tohni Campbell (l) and Kathy Lucha inside Selma’s Opal in downtown Tecumseh. Photo by Jim Lincoln.

    Wed, 03/27/2024 - 2:55pm
  • LISD Tech Center FFA student Camden Grodi, left, and Tecumseh Rotary Club President Holly Willey work on a water pasteurization indicator at the tech center on March 21. Submitted photo.

    Wed, 03/27/2024 - 2:34pm

Please Login for Premium Content