ESCANABA - The Escanaba School Board approved the first budget amendment for the 2012-13 school year during Monday night's regular board meeting.
Sue Furney, director of business services for Escanaba Area Public Schools, presented the board with the amendment to reflect increases in district-wide revenues and expenditures.
The original budget adopted in June had expected revenues of $21,242,398. The amendment reflects a new revenue amount of $21,312,502 - an increase of $70,104, explained Furney.
"There are several components that make that up," she noted. "One of them is a loss of $236,800 due to an additional 34 students less than we had projected. We had projected a loss of 36 students, and we actually lost 70 students so that was a loss of revenue."
One positive contribution to make up for that specific loss in revenue was a $103,485 grant - an allocation to the district tied to performance on student assessments.
Tax revenue changes of $30,000, as well as $172,000 related to grants and to donations through the Eskymo Fan Club, accounted for the other factors leading to increased revenues.
The district also sees a $305,017 increase in expenditures from the original budget to the amended one - from $21,827,549 to $22,132,566.
The changes account mostly for changes in salaries and benefits, position changes, building and maintenance cost changes, and some retirement rate changes, as well as expenses associated with grants and with Eskymo Fan Club revenues, said Furney.
The budget amendment projects a current shortfall of $820,064, which will be addressed using available fund balance money.
"As we look at the fund balance that we had at the end of June for the 2011-12 school year ... we had $1,283,208," said Furney. After using some of this money to make up for the shortfall, the district is projected to have an unreserved fund balance of $463,144 on June 30, 2013.
Furney noted this is the first of at least three budget amendments the district will make as they continue to monitor and review the latest revenue and expenditure totals across the district.
In other business, the board:
approved the hiring of Gypsia Flath for a two-hour noon hour supervisor position with the district.
approved joining with other districts in the state to adopt a resolution regarding sequestration, or "the fiscal cliff," urging Congress and the administration to mitigate across-the-board cuts to education scheduled to occur Jan. 2, 2013. The board agreed to sign the resolution and forward it to the National School Board Association.
recognized Board President Cory Kuchenberg with a plaque for his four years of service to the board from 2008 to 2012. His term expires Dec. 31. The board also welcomed new member Natalie Clouse who will join the school board in January.