Archived Story

School budget revised

Published 8:05am Wednesday, November 18, 2009

Dowagiac Board of Education Monday night at Kincheloe Elementary School gymnasium made its first 2009-2010 budget revision.

Assistant Superintendent for Business and Operations Hal Davis reported general fund revenues decreased $34,422 to $20,888,947 while expenses increased $202,970 to $21,309,872 for a projected year-end deficit of $420,925.

“Our revenues decreased as a result of a lower-than-anticipated fall 2009 student count (of -76). This was offset partially by higher-than-projected grant fund revenues and the ARRA stabilization funds. The increased expenses are a result of the correlating expenses for the grant revenues and ARRA (American Recovery and Reinvestment Act) fund expenses,” Davis stated.

“Both athletics and food service accounts are balanced, with $455,954 and $1,088,258 in revenues/expenses, respectively.”

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