The District 205 Board of Education approved the proposed fiscal year 2023 budget at Monday night’s meeting which saw funds staying relatively equal to where they were by the end of the last fiscal year.
The biggest fund drop is expected to come in the education fund of over three million dollars. But, with that drop representing just ten percent of the total fund amount at the end of FY22, it’s not breaking the bank for the district.
Assistant Superintendent of Finance Jennifer Hamm told the board the biggest expected change in the budget is in transportation.
“I will say that transportation, most likely, will be amended and we will not end up with a fund balance of four-million dollars,” Hamm told the board Monday. “Just because all of our transportation costs are coming in even higher than projected. We do a lot of contracting of coach services. We’re having difficulty finding those. So, those costs have come in quite a bit more.”
She added that the district has ran additional bus routes this year to keep riding times low for students.
Board members did get some good news regarding the enrollment of the Galesburg Area Vocational Center.
During the budget hearing, the board was informed that the GAVC was expecting an enrollment bump of about 60 percent from over the year before.
Assistant Superintendent Hamm presented the budget in place of GAVC Director Adam Seaney, saying, “He’s anticipating that the student enrollment is going to increase from an FY22 number of 233 students to a projected 392 for this year. So, that’s a huge increase from FY22. This means an additional 192-thousand dollars in revenue from last year.”
According to board documents, expenditures are projected to be over $400K lower this year than the year before. Construction costs and equipment purchases were built into last year’s expenditures.
GAVC is expected to have a budget surplus of around $15,000.
District 205 September 2022… by WGIL Radio
Click here to view the September Personnel agenda
