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South Washington County Schools

School Board approves balanced 2015-16 budget and preliminary 2016-17 budget

Over the course of the school year, finance presentations are frequently before the School Board. Updates include levy information, each of the various budgets that comprise the total $250 million budget, and final approval of the year-end budget and the preliminary budget for the next school year.

During the June meetings, Director of Finance Dan Pyan presented the Board with a balanced budget for the 2015-16 school year. Considered in the balanced budget were the estimated costs of employee negotiations, including a pending contract that will increase the total compensation package for teachers by 8.2 percent.

The Board is consistently reminded that many factors may positively or negatively impact the district’s budget. Included are enrollment, special education needs, the economy in general, state funding, future contracts, and the level of community support.

Moving forward with a preliminary budget for 2016-17, the district projected revenues at $211,579,522, with projected expenditures of $211,374,609 (a surplus of $204,913). While this is good news, the factors that can cause change will determine the outcome of what is needed as the district considers its 2017 operating referendum.

The largest portion of existing operating referendum ($771.27) is set to expire at the end of fiscal year 2017-18. Therefore, a renewal would be needed to maintain existing funding, and as shared throughout the 2015 Election, an increase to alleviate future budget cuts.

As shared previously, the district’s expenditures show the majority of its spending is done in the classroom, with .84 cents from every dollar dedicated to student achievement.

Updates to watch for at future School Board meetings are the approval of a preliminary levy in September,  the district’s Public Hearing for Taxes Payable 2017 and Board approval of the final levy in December.