Mt. Vernon Register-News

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June 17, 2014

D-80 OKs amended budget

MT. VERNON — District 80 Schools have adopted a balanced amended budget for fiscal year 2014.

Superintendent Mike Green said he attributes the favorable spending plan to the hard work of district staff and school board members.

“I think it was an overall effort from the Board of Education to all of our employees being fiscally responsible,” Green said. “So it was really a group effort that all of us work on daily to maintain, to watch expenditures, and to watch our revenue and to be fiscally responsible.”

The budget in question covers fiscal year 2014, which ends June 30. The district typically approves its budgets at the beginning and end of the fiscal year.

The amended 2014 spending plan was adopted at a special meeting Tuesday morning of the District 80 Board of Education.

According to the document, the district has projected expenses for the year totaling $22,739,000, and projected revenue totaling $19,092,000.

Nancy Herzing, director of business for District 80, explained the budget is considered balanced based on the status of the district’s four main accounts — the Education Fund, the Operation and Maintenance Fund, the Transportation Fund and the Working Cash Fund.

Roughly $3.4 million of the district’s expenses originate from the Capital Projects Fund, which is a special fund that is not factored into whether the spending plan is balanced, Herzing said. This funding was used for costs related to the recent Casey Middle School expansion project.

“When they consider it a balanced budget, (the state) looks at the four main accounts,” Herzing said. “Overall, we had more revenue than we had expenses in those four (accounts).”

Green said having a balanced budget is an achievement for the district considering the decline in general state aid.

“With the reduced general state aid, your hopes are that you can have a balanced budget and we had one this year, so it was a good year,” Green said.

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