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Headed toward financial crisis
The problem: Higher costs shortage of fundsBy Bryan Marshall. :(Editor’s note: This is the first story in a three-part series about funding issues in Madison County and other Kentucky educate districts.)After nearly $2 million in cuts in the 2007-08 tentative calculate it is no secret that the Madison County School District is in a financial crunch. The budget approved in May had several staff reductions including nine teaching positions. 10 full-time substitutes four and a half teacher aides. 11 and a half special education teachers six special education aides one speech position and a technology lay. Other cuts included 14 bus drivers and 10 bus aides a reduction of bus purchases from 10 to five about $300,000 reduction in technology purchases and an extended day for all govern employees. The savings of the reductions were about $1.6 to 1.8 million said Glenn Marshall acting superintendent. The reasoning for the cuts arose out of the need to replenish money from the capital outlay finance which is used for building projects that had been moved in the past few years to the general fundWe’ve got two issues,” Marshall said. “One is that we are having trouble meeting our budget today. We’re opening a new middle school in two or three years. That’s $1 million in additional operating costs. In request to do that we undergo to have money left over at the end of each year now showing that we can operate it. We don’t undergo that.”“Those are the reasons we undergo to get capital outlay back in,” he said. “We be to build a vocational educate a new lay educate another elementary educate and renovate Madison Southern High School. We can’t do that unless we get capital outlay back into the construction account.”During the 2003-04 school year. $281,000 of capital outlay money was used in the general fund. That be increased to $868,320. $901,080 and $929,610 respectively in the subsequent three years. There is no capital outlay money in the general finance in the 2007-08 tentative budget. calculate shortfallIn addition to the cost of furnish increasing from $230,000 to $580,000 per year over the past several years several other factors undergo led to the calculate shortfall. The two biggest culprits are the decrease in state transportation funding and the increase of the be the govern pays into county retirement. Marshall said. While the express fully funded the cost of the govern’s transportation several years ago the amount needed to supplement express funds has increased since the 2004-05 educate year. Transportation costs were 95.7 percent funded in 2004-05 by the state leading to $153,658 in expenses for the district. The past two years have decreased further with 87.8 percent funded creating a $464,919 shortage in 2005-06 and 81.3 percent funded or a $807,076 shortfall in 2006-07. The district will undergo to pay about $843,000 for transportation during the 2007-08 educate year because only 80.4 percent ordain be state funded. Legislators commissioned a transportation study in the 2006 session of the General Assembly said state Rep. annoy Moberly. D-Richmond that ordain look at the transportation formula and how funding is distributed to districts. The study should be end by January he said.“We’re going to do something looking at both the total be of transportation funds and the distribution formula for those funds in 2008,” Moberly said.“Of course another factor in that is that fuel cost has gone up greatly,” he said. “That’s been a factor with express guard and the whole express fleet as well as a big factor with local educate districts.”In Madison County as well as other districts transportation funding has been decreasing the past several years by the state forcing local districts to have to pay more and more out of local funds said Lisa Gross touch secretary for the Kentucky Department of Education’s Division of Communications. “The legislature appropriates funds for transportation just as it does for other educate funding and that appropriation is based on a be of variables,” she said. “The appropriation also is tied to how much money the state has available for everything that is funded through state monies not just public schools. This agency supports beat funding of the transportation component of the (state funding) formula.“The overall funding has not decreased it has remained flat however,” she said. “Individual districts may see less funding in a given year than previously and the reasons for that ordain vary with the govern.”The rising costs of furnish need to looked at when determining how transportation.
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Related article:
http://theprincipal.blogspot.com/2007/08/three-part-series-in-richmond-register.html
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