LLOYD —
Increased enrollment at the end of the 2011-2012 school year brought with it the likelihood of more state funding and eased the pressure slightly on the budget adopted this week by the Greenup County Board of Education.
However, necessary monthly expenses are rising and will continue to rise, said business manager Scott Burchett.
Furthermore, based on past years, there is reason to believe the state will cut some funding before the year is over, forcing the district to retool the spending plan.
The $19.7 million budget will leave a $1.4 million cushion, or 5.5 percent, at the end of the year, Burchett said. That is about what the board was aiming for and comfortably above the 2 percent state minimum.
The budget incorporates a revised estimate of per-pupil state money, called Support Education Excellence in Kentucky, or SEEK funds. The amount is larger because the average daily attendance it is based on was greater than previously projected last year, Burchett said.
The state amount is about $122,000 less this year than last year, however.
It might shrink more. “The SEEK has been cut the last two years in mid-year, so that’s a concern,” Burchett said. Districts don’t find out until December or January if that will happen.
If it does, the district will take it out of the $1.4 million.
There are no raises in the budget except for so-called step raised triggered by years of experience and rank. There also are increases in the amount the district pays to match retirement money.
Burchett called it a sound budget that adequately funds instructional programs and district maintenance and said next year is likely to be another difficult year if the state and federal funding doesn’t increase.
MIKE JAMES can be reached at mjames@dailyindependent.com or
(606) 326-2652.
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