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Weekly Update – May 28, 2020

Greetings all,

We had a rather lengthy board meeting last night. Our agenda included a reading of this year’s amended budget and a first reading of next year’s budget. At this time, the state has not provided definite information on funding adjustments for the present year or next year, but the law requires schools to pass a budget for the upcoming year by July 1.

Presently the predictions are that there will be cuts to state funding both this year and next year. Estimates vary from $350 per student to $1200 per student each year.

For the purpose of amending the 2019-2020 budget, we are estimating a $400 per student cut, which is the equivalent of $100,000. Fortunately, we did receive funds through the Payroll Protection Program, which helps maintain our fund balance at just over 14%.

For the 2020-2021 school year, we also projected an additional $400 per student cut — another $100,000 reduction. When factoring in other costs, this reduces our fund balance to 6%, which is above the state requirement but below our policy requirement of 9%. 

As required by law, the Board will pass a 2020-2021 budget at its June meeting. The Board will also be considering a resolution temporarily reducing the fund balance requirement in its policies. The good news is that both budgets maintain present levels of instructional staffing and eliminate the immediate need for pay cuts.

I think the best that can be said about both budgets at this time is that they are starting points. As we learn more information about how our funding will be impacted, we will need to make adjustments. If reductions in funding are greater than we are presently predicting, we will need to reduce expenditures.

As I’m on the topic of money, I’d like to recognize that some families may have seen a reduction of income during this “Stay at Home” order. If you fall into that category, you may be eligible for free or reduced lunch. If so, there are other means of assistance available to you. Here is a link to the free and reduced application:  http://www.lunchapp.com

Finally, the votes have been tallied, and we have three new school board members. Please join me in congratulating Aaron Larson, Bridgette Carr (returning), and Barnaby Pung (returning).

Best,

Al

P.S. If you need support for any reason, please do not hesitate to contact me. Here are few links that you may find helpful:

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