Jamestown (CSi) The Jamestown Public School Board has unanimously approved a draft budget.
At Monday evening’s meeting recorded by CSi 10 The Replay Channel, the revenue as of June 30 this year, stands at $28.88 million, with $29.13 million in total expenditures.
The General Fund balance is $3.13 million.
The previous year’s total revenue as of June 20, 2016, was $27.57 million with $28.04 million in expenditures and a general fund balance of $3.38 million.
Superintendent Robert Lech pointed out that a final budget is yet to be approved at this time with too many variables that still exist.
Yet to be added to the budget scenario include late federal funding , along with around $500,000 less state aid than the previous year, and a zero increase bill from the2017 session of the North Dakota Legislature.
That will result in a negative if the student population remains the same or less and if state deductions increase at the same time.
Meanwhile the school board approved the certificate of levy request with the anticipated percentage increase on the school district’s property taxes.
The zero mill calculation is based on the mill levy a changing factor annually and the result of assessor valuation of a lot or tract of land.
The school district budget will not likely be in a final form until September, and so the draft budget is estimating a 5 percent increase in local revenues
The mill levy hearing was set for 6 p.m. Oct. 2 at the middle school.
In Other business:
School Board President Roger Haut and Vice President Heidi Larson were re-elected by a 7-0 vote for 2017.
The School Board members annual compensation was approved remaining at $4,000 per member and $4,600 for the president.
The school board replays starts Tuesday on CSi 10 The Replay Channel.
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