Menahga School Board calls for another building advisory committee
By order of the Menahga School Board, a new building advisory committee is being organized. All interested people are invited to attend the initial meeting at 6 p.m. Tuesday, July 11 in the high school media center. The public may call the district office at 564-4141 extension 4 with any questions.
The school district concluded the 2017 fiscal year (FY) with a profit of $17,851.
"We're putting money in the bank, but not much," Superintendent Kevin Wellen said.
General fund revenues were $10,493,757, while expenditures were $10,497,612. Food service revenues topped at $481,583, with $458,802 in expenses. The community service fund ended FY 2017 with $139,516 in income and $133,901 in expenses. The debt service fund received $460,876 and spent $475,640. Finally, the student activity fund earned $181,690 and expended $173,949.
Wellen noted some revenue is still trickling in, along with a few bills.
Business Manager Liz Olson and Wellen looked at a three-year trend of actual revenue and expenditures to build a FY 2018 interim budget. They also included the newly created middle school to budget line items. They proposed a balanced budget, totaling $12,228,254 in revenue and $12,227,358 in expenditures.
Due to ongoing labor negotiations, there was some guessing, Wellen noted. He reminded the board that the budget is "a guide, not a commitment."
Estimated 2018 general fund revenues are $11,205,686, with expenditures at $10,933,834. Food service revenues are expected to be at $395,213, with $477,410 in expenses. The community service fund anticipates $135,820 in income and $140,541 in expenses. The debt service fund may receive $309,511 and spend $494,666. Finally, the student activity fund budget is $181,690 in income and $80,906 in expenditures.
The school board approved the interim budget.
In other business, the school board did the following:
• Agreed to purchase $500,000 in cyber liability insurance coverage. The annual premium is $3,746 per year.
• Declined terrorism risk insurance. The policy only covers federally certified acts of terrorism. The odds of terrorism by this definition is so unlikely Wellen recommended rejecting the policy option.
• Approved a contract with Chelsey Pederson. She will teach special education.
The next meeting is Monday, July 10 at 5:30 p.m.