Mineola ISD Board gets first look at decreased budget

Business Manager William Bjork review the preliminary budget highlights to note that the Fiscal Stabilization Fund of State, a disbursement of U.S. Recovery Act, was gone. It is replaced by education for employment ("a one-time") and $ 283 288. The SFSF had channeled $ 440 000 at the MISD.

The sheet also showed revenue of zeros in the high technology and allocation of school funds. Superintendent Mary Lookadoo note that some of this was "Money, Rick Perry did not ask."

Shool Foundation Fund (state funds) was $ 6.1 million last year. This year, an estimated $ 5.4 million.The decrease in state funds is $ 667 359 last year to this year.

As they began, Björk remarked "as you know, we are not what the bank says TEA. We do our own included."

Another source of outside income, interest income, which was budgeted at $ 41 500 in 2010-2011 is calculated at $ 4,000 for 2011-2012.

Total revnue outside for 2011-2012 is shown in $ 6814926 compared to $ 7,630,452 last year.

On the positive side, assessed values ​​have increased from $ 391 million to $ 411 million. With the budget based on the same tax rate that was approved by voters several years ago, which is $ 1.17 property taxes are calculated to provide $ 5,232,300 to support the budget. Rate back this year would be $ 1.21.

Among the questions posed by board members that Bjork has worked through the budget was one by Dr. John Abbott. "How much does a penny to generate?" "Around 41,000 U.S. dollars," said Bjork.

He noted that payrolls fell by $ 528 867, which was the "net effect" of not filling vacancies created when teachers and staff retired or resigned. Bjork said the teacher had been advised of their benefits may have to be cut, but this year the school district did not have to do it.

Board member Larry Gooch questioned the value of "all the benefits" teachers are. About $ 185,000 was the answer.

Bjork was like wading through the budget, he used words such as comments "nibbling" and was like "I did not do too much for them. I just cut in half their trips." And then he figures balanced this year in black and white, it was stated that next year may see something far more critical to make ends meet.

"It's kind of leap of faith, is not it," Abbott said. "Not knowing what next year may bring."

"Who knows what will happen next year," said Superintendent Mary Lookadoo. She said while the budget had been cut off power, she believes that this should be done in the classroom can still be done. It noted that teachers and she did not understand why the school were having to make cuts "when there are so many in the Rainy Day Fund.

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