Board Passes Balanced Budget

Board Passes Balanced Budget for 18-19 School Year
Posted on 06/29/2018
The Mehlville Board of Education approved the 2018-2019 (FY19) budget at their June 28 meeting.

"We are operating with a balanced budget in the 2018-2019 school year," said Dr. Chris Gaines, Superintendent of Mehlville School District. "Additionally, the FY19 budget continues to fulfill the promises we made to the community due to the passage of Prop R in 2015 and Prop A in 2016."

Those propositions allow for much-needed capital maintenance and improvements, including new roofs, and improved heating, ventilation and air conditioning systems, Dr. Gaines said. Prop R provides for ongoing staff development initiatives and curriculum revisions to improve student engagement and achievement.

The FY19 budget also provides for the hiring of six full-time math specialists to replace six part-time math specialists.

The FY19 budget anticipates a $315,000 operating fund gain, due largely to an increase in state funding and assessed valuation. Total budgeted revenue is $119.9 million, up just less than 1 percent from the FY18 forecast. Much of the increase is due to an increase in the state's funding of the Basic Formula.

Total budgeted expense is $120.9 million, which is a 3.2 percent increase from the FY18 forecasted budget. The budget anticipates a $1.3 million non-operating loss due to anticipated debt payments. These payments show as a loss in the FY19 budget because funds needed to pay debts were collected and reported as revenue in previous fiscal years.

"Overall, district finances appear stable on the five year forecast," said Marshall Crutcher, Chief Financial Officer for Mehlville School District. "These projections rely on budget assumptions, and we know many variables can change for the better or worse," Crutcher said.

>> View the entire budget.
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