Tecumseh School Board approves $24.1 million budget

At a budget hearing before the regular Monday, June 23 school board meeting, the Tecumseh School Board unanimously approved the 2014-2015 general fund budget of $24,164,881. The 2014-2015 budget is $71,125 more than the final revised budget of the previous year. The majority of the district’s revenue is generated from the state’s foundation allowance (per-pupil funding), which is expected to increase to $7,251, up from $7,026. The increase includes $50 per student to offset the increase in the retirement rate the district receives while projecting an additional $70 per student in pupil performance funding; however, it will be October before the state makes the final determination on that funding. “While they [the state] projects it, it doesn’t mean… we’ll actually receive that,” said Judy Pfund, Director of Business Services at Tecumseh Public Schools (TPS).Currently, TPS is anticipating a decrease of 41 students from the previous year count of 2,911 students. The revenue for the 2014-2015 general fund budget is projected to be $23,786,368, representing a $237,008 decrease from last year’s final revised revenue, even though total taxable value increased by 1.15 percent. This means general fund expenditures exceed revenue by $378,513. With a fund balance of $4,917,434 plus projected revenue, the district has $28,703,802 to appropriate for 2014-2015 and is expected to have $4,538,821 left in the bank at the end of the 2014-2015 budget year. Eighty percent of the budget expenditures are employee-related. “Salaries and fringe make up 70 percent of our budget. Health insurance costs went up about eight percent, which, state cap aside, a lot of that is passed onto the employee,” said Pfund. The middle school is the most expensive building in the district to operate with an expected expenditure of $5,283,838 followed by the high school at $4,832,977. Before approving the 2014-2015 budget, the board approved a few revisions to the 2013-2014 budget. The final revised general fund budget for 2013-2014 was $24,093,756, $355,654 under what was projected during a previous revision on March 10. “With not having school be in service, six days of transportation saved $35,000 by having to reschedule those days,” said Pfund. Transportation cost came in $35,877 under expected expenditures. Money was saved in not only transportation costs, but also custodial supplies and services and tuition for Haviland students. Pfund left money in the 2013-2014 budget for end of your maintenance costs, but said that those projects may get pushed into the 2014-2015 general fund budget. “June, normally, you’ve got about three weeks that students aren’t in school so then I have to anticipate what types of things facility wise can get done in that window,” said Pfund. Board member Greg Johnson was absent from the meeting.

Tecumseh Herald


110 E. Logan St.
P.O. Box 218
Tecumseh, MI 49286

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