Tuesday, November 26, 2013
MABTON - The Mabton School Board last night (Monday) was told the school district stayed within its budget for the 2012-13 academic year.
Finance Director Gina Grow provided the school board with the final copy of the district’s budget to be certified. She said the school district spent $65,000 less than was anticipated for the year.
She said that figure, however, could have been negative had the school district paid for technology upgrades it had planned for. Instead, the technology upgrades will be completed during the current academic year. The Mabton School District has received grant funding for the upgrades.
Grow said the 2012-13 general fund ending balance is just more than $2 million. “Seventy-eight percent of the budget is spent on salaries,” Grow said.
Expenditures for the 2012-13 year amounted to nearly $9.4 million.
The balance remaining in the transportation vehicle fund was high at the end of the reporting year. Grow said the district used the funds to purchase a bus at the beginning of the year and anticipates another bus purchase before the 2013-14 academic year is complete.
Also noted was the debt services fund, which pays for the school district’s current bond. Grow said the bond is scheduled to expire at the end of 2014.