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Friday, May 6, 2016

Storm Lake School Board OKs budget

Tuesday, August 31, 2004

The district's annual financial report for 2003-04 was presented at the Storm Lake School Board meeting Wednesday by Dr. Bill Kruse.

The members were satisfied with the report.

Authorized budget for the year totaled $18 million, up from $16.7 million the previous year and total expenditures were $15,572.786, leaving $2,483,578 as the unspent balance.

Assessed valuation totaled $309,579,616, up $6.3 or 3 percent from the previous year. The general fund levy rate was down, good news for the tax payers, (from $13.67 for the '02-'03 year down to $13.29 for the '03-'04 year) and the cash reserve levy were both down

It was pointed out that nearly 80 percent of the school budget was spent on salaries and fringe benefits ($12,291,363.) Many schools, Dr. Kruse said, use 85 percent of their budgets for these expenses.

Fixed costs (including operating and maintenance, utilities, transportation, community ed) took up nearly 14 percent of the budget ($2.13 million.)

Instructional costs and inservice costs eat up the the additional 6 percent of the annual budget ($16.2 million.)

The community education program operated on its allocated budget for the year ($229,000.)

The report revealed that 26 percent of the students participated in last school year's breakfast program with 64,311 breakfasts served for the year. A total of 244,741 lunches were served for the year with 72 percent of the student population participating. A total of $56,534.82 was received for meals prepared for ETA, Concordia and Headstart.

A listing of all the school vehicles was also revealed. Dr. Kruse pointed out that the district purchases a new bus every other year and this is the year.

Reports were heard on the summer school programs held in the elementary, middle level. Reading and math skills were worked on at the elementary and middle-school levels. High-school participants had the opportunity to make up one or two courses and receive high-school credit during the four-week session. There were 35 students that earned a total of 40 credits towards graduation. One student finished his last required class and was able to earn his diploma. (He will be attending Iowa Central this fall.)

"I believe we had a very successful summer school with many students earning enough credits to advance to the next grade level," Rick Scheidel told the board. "We thank the board and the administration for providing this valuable opportunity to these students in an attempt to increase our graduation rate." Each class credit required 60 hours of work, proving that those students involved were, "motivated" because they realized the benefit.



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