MORRIS – The Morris Community High School District 101 board unanimously approved some amendments to the tentative budget for fiscal year 2014, which will be up for final approval in June.
During the school board meeting Monday, the board heard updates on where the budget stands. A budget hearing and final approval is scheduled for the June 9 board meeting, with the hearing starting at 6:15 p.m.
Expenditures are less than anticipated, but so are the revenues.
“Expense wise in the Education Fund, we are down by almost $50,000,” Superintendent Pat Halloran said to the board.
He said legal expenses were up this year and cited the legal fees concerning the Midwest Generation settlement as an example of why they were higher, but overall the expenditures showed a decrease of $49,852.
The Midwest Generation settlement concluded a 13-year lawsuit between it and numerous local taxing bodies, and basically freed all parties of any charges and allowed all parties to walk away.
There will be an estimated $79,192 total decrease in revenue for the high school’s Education Fund due to decreases in the general state aid and categorical payments, which are decreased by $88,934. The total decrease includes the expected increase in revenue of $2,969 from the local levy, tax increment financing surplus funds and other funds, as well as a $6,773 increase from title grants.
In total, the original revenues for the Education Fund were predicted at $7,779,280 and are amended at $7,700,088.
In total, the original expenditures for the Education Fund were predicted at $10,033,870 and are amended at $9,984,018.
“We always plan expenditures a little high and hope we come in a little less and they have,” Halloran said.
The district has a nearly $2.3 million deficit in the Education Fund.
“We’ve had an average deficit of $1.8 to $2.2 million over the last few years,” Halloran said Tuesday. “We’ve made staff reductions and other reductions where we can, without impacting our programming. We will continue to do that.”