(Atlantic) The Atlantic School Board discussed unspent balance and levy rate targets at Monday night’s meeting.
The discussion piggy backs Saturday morning’s budget work session attended by Gary Sinclair, Financial Support Co-Director for the Iowa Association of School Boards. Sinclair identified a significant increase in Special Education cost in fiscal year 2012 from zero unspent balance to a negative $685,000 deficit in one year. Sinclair explained to the board that the money was getting coded to a different fund. Sinclair assured the board and the community that the school is not in a crisis of current status, but it is the future status that needs to be addressed.
Atlantic Schools Superintendent Dr. Michael Amstein presented the board with two targets at Monday night’s meeting to begin to recoup the loss.
“It’s definitely do-able and with the discussion with Gary Sinclair on Saturday he said it is do-able as well,” stated Amstein. “He said we are going to have to spend less and we have already taken steps in that direction this year.”
Dr. Amstein says based on what the district has to reduce this year will reduce the amount they have to reduce in the next few years.
“We want everyone to know that the budget that we present in the next month will be a responsible and we will be looking at cutting costs.”
What appeared to be the cons census of the board, they would like to keep the unspent balance at around 15-percent of the total budget. The board would like to keep the target levy rate below 15.00 dollars and Dr. Amstein believes they certainly will be able to do that. Currently, the levy stands at around $14.26 per one thousand dollars of valuation.
February 11, 2014