School District 301 approves 2012-13 budget
By Denise Moran For The Courier-News September 25, 2012 4:50PM
Updated: October 27, 2012 6:16AM
BURLINGTON — The Central Community Unit School District 301 board this week unanimously approved its budget for the 2012-13 school year.
In order to be the most reflective on the district budget, Assistant Superintendent Greg Rabenhorst said he provided the board with amounts for both the operating funds and the fund to repay district debt.
Projected revenues for all funds for the 2012-13 school year show the operating funds at about $45.9 million and the debt service fund at about $7.1 million.
Projected expenditures for all funds for 2012-13 show the operating funds at about $46.1 million and the debt service fund at almost $7.3 million.
The projected revenues for FY13 are higher by about 3.8 percent for the operating funds and by 7 percent for the debt service fund as compared to the previous budget year.
The projected expenditures for FY13 are about 3.5 percent higher for the operating funds and 6.5 percent for the debt service fund as compared to the previous budget year.
In looking at the projected fund balance for FY13, the operating funds show a little more than $18 million, and the debt service fund shows almost $3.8 million.
In comparison to last year, the projected fund balance for FY12 was almost $15.7 million for the operating funds and just over $3.5 million for debt service fund.
The district has recently seen a gain of 16 students for a total of 3,465 students. This is 38 more students than the total number of students at the close of the 2011-12 school year.
In other news, Jim Manley, the district’s director of technology, told the board this week that there is now Wi-Fi in all of the district classrooms.
“We started this project a few years ago,” Manley said. “It’s a very nice thing for all of our students. Our push has been to modernize.”