How the general funds fared at Bear Lake and Kaleva Norman Dickson Schools

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MANISTEE COUNTY — In spite of each districts ending the school yr with slight deficits, Kris Mauntler, Manistee County School Organization Cooperative finance director, advised the Bear Lake and Kaleva Norman Dickson boards of schooling their respective standard money are in a great place as they head into the 2022-23 fiscal yr.

Bear Lake Universities completed the 2021-22 fiscal year with a $52,380 deficit, but that consists of an forthcoming order of 290 Lenovo 100e Chromebooks for its pupils, which is not a annually expenditure.

“You can expect to see we display a deficit of about $50,000, but again, that one particular-time pc obtain is in there of all around $100,000,” Mauntler stated all through the district’s university board meeting Wednesday. “Overall, we’re seeking really great for the 12 months-stop.”

The district holds a standard fund balance of $1,013,850 per its closing finances.


Mauntler said Lindsey Nowak, the district’s preschool software director, secured a sizeable grant which led to an improve in federal earnings.

“Lindsey did get a daycare grant — a block grant. I feel it was all over $60,000,” Mauntler stated. “… That was all great — which is terrific for her. You will see that boost in the federal (profits).”

Mauntler also offered the opening spending plan for the 2022-23 university 12 months, which was designed with the assumptions of 285 learners and a $400 increase in the latest $8,700 for each-pupil funding from the state.

With those assumptions, the district would see a $77,977 surplus in its normal fund next 12 months. Mauntler mentioned these quantities are conservative, and things could be more favorable the moment the state releases its budget.

“Appropriate now, the condition is saying we’ll have a funds by July 1,” she said. “We are considering it will be at least  (a) $400 (boost in per-pupil funding), if not a minimal far better, so we went on the low aspect. … All round, we are in a fantastic placement going ahead.”

KND concluded the fiscal calendar year with a deficit of $20,106, leaving the district’s general fund balance at $1,862,583.

Through the district’s school board conference Monday, Mauntler stated the closing finances ended up an improvement over the amended funds.

“There are a pair good reasons for that. … We have been capable to use some additional at-possibility dollars for some aids, so that served with our base line there,” she stated. “We amplified some (Elementary and Secondary College Unexpected emergency Aid Fund) cash as well. You did have some (Great Commence Readiness System) grant (dollars) come in from Bear Lake to support with the bus motorists and the 4-Star (Preschool) system.”

Mauntler stated transportation costs came in practically $30,000 higher than predicted, largely due to increased fuel fees.

KND’s opening funds for the 2022-23 university 12 months was made with the assumption of a $400 enhance in the state’s basis allowance, and a student count of 505 — a reduce of 35 students.

The district’s opening spending budget for the future fiscal calendar year anticipates a standard fund stability deficit of $106,903 for the yr.

“We’re however Ok with that — it is our opening finances,” she said. “We truly feel quite comfy with that and we’ll make the changes amended after our state spending budget arrives in and we have a sound college student rely. … Total, we are nonetheless looking great with your opening price range even though we are ingesting into the fund equilibrium a minor bit.”

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