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Local

Down revenue not a surprise

EAV slips 7 percent in Dist. 101

Due to falling EAV, Superintendent Dr. Pat Halloran was not surprised to report Morris Community High School District 101’s total revenues for fiscal 2014 are down about 4.9 percent from the last fiscal year.

Halloran reviewed the tentative budget with the school board during its regular meeting Monday.

“There really are no big surprises,” he said.

The district has seen a 7 percent decline in equalized assessed values within its boundaries, he said, which is dropping property tax revenue coming into the district.

The revenue across all funds has declined, but expenditures are up about a half of a percent from fiscal 2013.

Halloran gave the board a closer look at the Education Fund, which is estimated to have revenues of about $7.6 million and expenditures of about $10 million.

A decrease of about $386,348 in direct revenue is expected, as well as a decrease of about $526,907 from local sources, which is mainly property taxes.

General State Aid is expected to increase by about $202,000, if the state actually pays what it says it is going to, said Halloran.

Special education reimbursements for transportation are expected to decrease by almost $40,000, among other decreases.

For the expenditures, salaries and benefits are expected to increase by almost $280,000 all together.

Decreases of about $108,000 are estimated for purchased services, supplies and capital outlay.

The board approved the tentative budget and will continue to review it monthly.

Donations Received

In other business, the board accepted donations from the Quarterback Club and of masonry and tuckpointing restoration work.

The Quarterback Club donated new field stencils worth about $1,200. Hans Johnson donated the masonry and tuckpointing work worth about $12,600.

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