The El Dorado Springs R-II school board wrapped up the 2019 fiscal year and began 2020 by approving budgets for both years during a special meeting Monday, June 24, in the high school library.
Amendments to the FY2019 budget reflecting actual expenditures met with unanimous agreement, as members Darrell Eason, Josh Floyd, Benny Brower, Mark Burley, Nathan Murry, Terry Shepherd and Chad Whitesell all voted in favor.
The board also voted to transfer the maximum amount allowed under a 7% rule to the capital projects fund.
In a seven-page summary of the FY2020 budget, superintendent Mark Koca noted the district “continues to be in relatively good financial shape. FY2019 will end with the district having approximately $2.35 million in reserves collectively in funds 1, 2 and 4.”
Respectively, the funds referenced are the general fund, the special fund for teachers and the capital projects fund.
The new budget anticipates total revenues of $12,479,583 and expenditures of $12,533,747, a net loss of $54,165. Among the key expenditures are a 7% increase in health insurance premiums; a $50,000 increase in transportation costs, thanks to a new contract awarded to Apple Bus Company; $147,000 for teachers who are in the Career Ladder program; $120,000 in repairs to various systems after lightning struck the upper gym in May; and capital expenditures in various departments totaling $268,800.
The board approved the FY2020 budget by a 7-0 vote.
The board also heard a report from Lynn McClaughry and Jennifer Caldwell from the local Parents As Teachers program. They spoke on numerous services offered by PAT, particularly involving teens who become parents.
Also highlighted was the diaper pantry, an idea PAT launched in 2016. Around 40 PAT families in the district receive a total of 4,000 diapers per month, contributed by various donors.
McClaughry and Caldwell also noted several grants PAT wrote for and received in the past year, including a visiting grant from the Children’s Trust Fund for $94,300.08, an amount which can be renewed for three additional years.
Board members complimented McClaughry and Caldwell on their efforts, and Koca said the El Dorado PAT “is one of the best PATs in southwest Missouri, maybe even the entire state.”
The next board meeting is scheduled for 6 p.m. Thursday, July 11.