Silvis schools expect $500,000 deficit in next fiscal year


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Posted Online: Feb. 20, 2013, 9:42 pm
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By Anthony Watt, awatt@qconline.com
An initial budget projection indicates an almost $500,000 deficit in the Silvis School District's education fund for the 2013-14 fiscal year.

A report on the coming year's budget was presented Wednesday during the Silvis Board of Education's regularly scheduled meeting. Superintendent Ray Bergles said the district has been keeping spending under control, and the expected deficit is because of decreased state funding.

"We've really worked hard to keep our expenditures down," he said. "But the problem is revenue is way down."

The report indicates revenues for the education fund in '13-14 are expected to be $4,545,300, and expenditures are anticipated at about $5,022,499, leaving the district with a hole of about $477,199 to fill.

There also are deficits expected in the transportation, retirement and tort funds, according to the report. Those deficits total about $130,147.

How much of the deficit will be filled with cuts or other measures and how much by drawing from the reserve still is being worked out, Mr. Bergles said. The education fund reserve is about $3.4 million.

In other business, the board voted unanimously to make a temporary transfer of $750,000 from the education fund to the operations and maintenance fund to pay bills related to the remodeling of George O. Barr School.

Mr. Bergles said the transfer is temporary and necessary to compensate for late state payments on a grant for the project.

















 




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  Today is Tuesday, Sept 2, the 245th day of 2014. There are 120 days left in the year.

1864 — 150 years ago: It is estimated that 300,000 people attended the recent Democratic convention in Chicago when Gen. George B. McClellan of New Jersey was nominated as a candidate for president of the United States.
1889 — 125 years ago: Alderman Frank Ill, Winslow Howard and Captain J.M. Montgomery returned from Milwaukee, where they attended the national Grand Army of the Republic encampment.
1914 — 100 years ago: Three members of the Rock Island YMCA accepted positions as physical directors of other associations. Albert Cook went to Kewanee, C.D. Curtis to Canton and Willis Woods to Leavenworth, Kan.
1939 — 75 years ago: Former President Herbert Hoover appealed for national support of President F.D. Roosevelt and Congress in every effort to keep the United States out of war.
1964 — 50 years ago: The Rock Island Junior chamber pf Commerce has received answers to about 65 % of the 600 questionnaires mailed out recently in a "Community Attitude Survey" to analyze sentiments of citizens towards their city's various recreational, educational, and civic service programs.
1989 — 25 years ago: The two thunderstorms passing through the Quad Cities last night and early today left some area residents reaching for their flashlights.






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