Clarkston Board of Education approved first readings of the final amended budget for 2014-2015 and original budget for 2015-2016.
Next year’s budget includes $79,575,736 in revenue, based on a student count of 7,819 students as well as 497 shared-revenue students.
It assumes a net increase of $90 per pupil in state funding, considering the Conference Committee State Aid Recommendation and a loss of 100 students, for a net loss of $30,000.
‘We’re expecting an increase of $140 per pupil ? we fare well there,? said Mary Beth Rogers, executive director for business administration, at the June 8 school board meeting. ‘But the state is eliminating Best Practice funding, which brings it down to $90.?
Net revenue from shared services is budgeted at $353,000. The district provides human-resource and other services to local private schools Our Lady of the Lakes, Orchard Lake St. Mary’s, Oakland Christian, Everest, Loyala, and Gesu Catholic in exchange for sharing their state per-pupil funding.
Spending is budgeted at $80,412,999, which includes $889,429 in ‘critical needs? spending to be determined later in the year by administration and approved by the school board.
‘It’s a place holder,? Rogers said.
Staffing cuts are budgeted at $504,662. Three teachers were issued lay-off notices this past April, but nine retiring teachers as well as higher than expected enrollment should cover the cuts, said board President Steve Hyer.
‘We hope to recall the three laid-off teachers,? Hyer said.
Fund balance is budgeted at $5,603,711, 6.53 percent of the budget. The school board set a parameter of 6 percent this year, Rogers said.
The 2014-2015 final budget includes total revenues of $85,868,528, and expenditures of $86,102,080.
Public hearing, second reading and approval of the budget is set for the June 22 school board meeting. Public hearing will be at 6:30 p.m., followed by the regular meeting at 7 p.m.