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Toltec district reports tight budgets for salaries after state funding changes
Summary
District staff reported September expenditures of about $670,000 and said the maintenance-and-operations budgets are tight; they noted the district avoided some state cuts because it has fewer than 2,000 students, while larger districts faced deeper reductions.
A district staff member presented the financial report and said September expenditures were about $670,000. The staff member pointed to pressure in the maintenance-and-operations fund and said the district has a $5 million budget line for salaries with comparatively limited receipts so far, reporting roughly $139,000 in salary-related receipts as of the report, leaving tight margins for salaries, services and supplies.
The staff member said the state legislature has enacted rounds of cuts that affected larger districts, but the Toltec district avoided some reductions because it has fewer than 2,000 students. The speaker described ongoing efforts to correct an encumbrance-program error that has distorted some numbers; the correction was expected to be reflected in the next financial report.
The staff member also said the district is seeking new bids for upcoming projects and expects bid documents to arrive this week, and reported a completed roof repair project.
