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Clinton City Schools receive $500,000 state reward; board approves budget amendment to cover one-time projects
Summary
The Clinton City Schools board approved Budget Amendment No. 3 after district staff said the system received a $500,000 nonrecurring state reward tied to high school performance; the money will offset one-time costs including playground and auditorium seating work and leaves the general purpose fund with an improved balance.
Clinton City Schools approved Budget Amendment No. 3 after district staff said the state awarded the district $500,000 under a late amendment that rewards high-performing districts.
The amendment was presented during the board’s regular meeting and passed by roll call. Board members said the money will be used for one-time capital expenses, including playground equipment and auditorium seating at Clinton Elementary, rather than ongoing operating costs.
District finance staff said the $500,000 arrived because two of the district’s three schools met the state’s criteria for performance rewards that were set in a special legislative session. “Because we are a smaller district and 2 out of our 3 schools were letter A, we qualified for the money, which was $500,000,” staff said. The presenter characterized the award as nonrecurring and recommended using the funds for one-time projects so recurring expenditures are not increased.
Board discussion and the financial report that preceded the amendment showed the district operating with a sizable fund balance. “We are at a 700,000 almost 800,000 surplus at that point in time,” finance staff said while reviewing February financial statements. Staff told the board they expect revenues to follow the usual seasonal cycle and stressed conserving surplus for months when revenues decline.
With the $500,000 added and the planned offset of one-time costs, staff reported a $100,000 increase in fund balance tied to the amendment and estimated the general purpose school fund would end the period with about a $25,000 surplus after other adjustments.
The board approved the amendment on a roll-call vote. No dissenting votes were recorded in the minutes.
The amendment also included minor adjustments to federal-program budgets and the school nutrition fund. Staff said the federal projects budget lines are preliminary until final allocations arrive later in the spring, and that school nutrition is expected to end the year with a modest surplus as participation and USDA reimbursements change.
Budget Amendment No. 3 passed; the board’s vote moves the district forward on the auditorium and playground purchases while preserving one-time funds rather than committing them to recurring salaries or services.
