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NKSD School Board:
http://www.nkschools.org/page/133
Email the School Board at schoolboard@nkschools.org
March 2016 Budget Status Report
Reserve: As of March 31, 2016, our general fund balance is $9,791,441 (13%). This is $6.2 million more than the 5% reserve mandated by Board policy.
Enrollment: Our average enrollment continues to be significantly over budget. We are currently 178 FTE over budget.
Our enrollment is 3.1% higher than what was budgeted.
September 2015 Budget Status Report
Reserve:
As of 9/30/15, our budget reserve is at $7,459,616.
This is over twice as much as the 5% reserve mandated by the Board ($3,568,275) or $3.8M more than 5%.
Our current reserve also sits at $2.8M more than what was budgeted for our fund balance as a starting point for this year, which is 43% more than what was budgeted. (Final numbers will be on the F-196 in about a month.)
Bottom line: We have a lot of money sitting in our fund balance/reserve.
Enrollment:
Our enrollment is currently over budget by more than 200 students.
PMS, KHS, VI, and PO were all significantly over budgeted/projected enrollment.
Current average enrollment numbers district-wide are 3.5% over what was budgeted.
Bottom line: Revenues for this year will be over what was budgeted. I don't have a handle yet on staffing levels compared to what was budgeted-- I will keep you in the loop.
This has created some chaos in terms of student schedules, class configurations, and master schedules.
NKSD Budget (2014-15)
When the books were closed for the 13-14 school year, NKSD ended with a 6.3% fund balance, which does not include any unspent carryover in existing line item budgets.
The February Budget Status Update showed that the fund balance is continuing to grow. (See report below.)
At the Board meeting on April 2, 2015 the School Board discussed how the District should spend $1,809,907 in revenues in excess of the 2014/2015 budget.
Actual spending in the area of Basic Education for 14-15 is $1,795,409 less than budgeted. (See the 1415 Budget Projections file below.)
Basic Education includes funding for teachers which has a direct impact on class sizes, para educators who provide additional support for struggling students, and specialist/elective teachers who provide offerings that provide a well-rounded education for our students.
The Board supported the following mid-year spending adjustments, as recommended by the central office:
$800,000 for maintenance projects
$57,500 for custodial staffing
$800,000 for phase I of the technology equipment replacement cycle
$30,000 for social/emotional safety
$30,000 for music instrument replacement and/or repair.
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