The Monroe County Board of Education
passed the school systemвЂ™s budget in a 7-2 vote last Friday
afternoon in a speВcial called workshop. Only 2nd District School
Board member Janie Harrill and 3rd District School Board member Sonya
Lynn voted against passing the budget.
The estimated expenses for the school
system in 2013-2014 totals $39,250,246.
"Of that total, only 25.7 percent is
local money," said Director of Schools Mike Lowry. "The state
Basic Education Program (BEP) portion comprises 58.7 percent and the
remaining 15.6 percent is generated by federal funds."
The school system is anticipating only $37,662,071 in revenue, howeverвЂ”$1,588,175 less than their
But school officials are not too
"That's assuming you spent 100
perВcent of your budget," Lowry explained to The Advocate & Democrat. "We've never done that. We always have money left
In fact, the fiscal year 2012-2013 had
an ending fund balance of $2,995,652.
"We've done great considering what
we have to work with," said Lowry. "We've operated very
conservatively. We're stretching every dollar. Our supervisors and
staff have done a great job managing and being conservative."
The school system is estimating an
endВing fund balance of $1,407,477.26 for the fiscal year
2013-2014, which is approximately $229,970 more than the mandatory
three-perВcent the state requires to operate.
"We're always conВcerned about
how close we get to that three-perВcent area," said Lowry. "The
budget right now shows us ending around $1.4 million. We'd have to
be $1.1 for the three-percent minimum. But even if we spent every
penny of this budget, which we've never done since I've been
here, we would still have more than the three percent left."
See full story in the Sunday, Aug. 25, edition of The Advocate & Democrat.