While earlier budget projections anticipated $9.1 million in excess revenues from the 2012-13 fiscal year, Chief Financial Officer Michael Bell updated the projection to between $15.6 and $16.8 million.
“Since coming on board, I’ve made getting our financial house in order a priority,” said interim Superintendent Michael Thurmond. “These excess revenues reflect our district’s new vision and commitment to our community.”
The budget includes $3 million to cover the reduction of one furlough day for all 10- and 11-month employees, principals and central office employees whose total salaries do not exceed $80,000 annually.
The budget also includes $4 million to allow the district to purchase a partial adoption of textbooks and instructional resources. The Curriculum and Instruction Department, with input from schools, will develop a prioritized list of other textbooks and instructional resources for purchase with any remaining funds.
The budget also provides funds for four additional bus mechanics to reduce the downtime of the district’s 920-unit bus fleet.
The approved budget will support the district through June 30, 2014.
The board also held a public hearing on the 2013-14 millage rate. No rate increases are proposed, leaving the current rate at 23.98 mills.