Trimble Schools approve $12.6M budget
Thursday, September 19, 2013 11:00 AM
School board members approved a $12.6 million working budget for Trimble County Schools during a meeting Wednesday.
Members approved a tentative budget in May, but the updated budget provided projected revenues for the adopted tax levy fees and up-to-date Kentucky Support Education Excellence in Kentucky - or SEEK - funding. The working budget also showed the final expenses for the 2012-2013 school year in the information presented by Bob Arvin with Ohio Valley Educational Cooperative Financial Services
"As you know, this is the last formal step in the budget process for this school year," Arvin said.
The working budget for the 2013-2014 school year has a more than $1.4 million decrease from the previous year, yet Arvin attributed that decrease to Average Daily Attendance and SEEK funding. Projects paid for in the previous year have also been completed, he said.
"There's nothing alarming here," Arvin said.
Some funding sources for the district have increased since the tentative budget, Arvin said, which allowed more than $969,000 to be added to the General Fund Reserve since May.
"I think that's good news for you," he said.
The budget does show the school district will be spending slightly more money than it receives from taxes and other incomes, but that isn't a cause for concern, Arvin said. The district allowed for a larger contingency in previous years, so the deficit shouldn't cause any problems for the schools.
Board members approved the working budget, 5-0.
Also during the meeting, school board members discussed a possible attendance incentive program for high school students to improve truant issues at the school. The high school has an increased attendance problem as compared to the district's elementary schools and middle school.
"We do need to address attendance," Adams said. "It's a big problem for us."
Board member Scott Burrows suggested implementing some kind of incentive for students who have perfect attendance throughout the school year. Superintendent Marcia Dunaway and high school principal Rachael Adams suggested a smaller incentive for shorter lengths of time.
Burrows noted employers value perfect attendance or near perfect attendance in the workforce, and good attendance is a lesson that can be learned early in life.
"There's no limit on rewarding those kids (on attendance)," he said.
School board members suggested discussing the incentives with students and teachers before making a decision. They plan to discuss the incentive plan at a future school board meeting.