East Grand School District OKs portions of 2015-16 budget
While youngsters across Grand County have been anxiously anticipating the start of summer, officials from the East Grand School District have been busy developing a new budget for next school year.
A portion, though not all, of the proposed budget for fiscal year 2016 was approved by the Board during its meeting on May 19. The EGSD fiscal year runs from July 1, 2015, through June 30, 2016.
During the meeting the Board approved the compensation plan and benefits package for the district for 2016. The new budget includes a 1.7 percent cost of living salary increase for district employees, a 4 percent increase in the district’s insurance costs, and a 0.9 percent increase in contributions to PERA, the Colorado Public Employee’s Retirement Association. These expenditures totaled an additional $220,000.
The district is required to approve a budget for the next school year no later than June 30. Business Manager for the EGSD, Donette Schmiedbauer, explained the salaries were approved by the board to allow the district the time it needs to move forward with contract negotiations with staff before the June 30 deadline.
Superintendent Jody Mimmack, Ph.D., explained that the remainder of the budget for 2016 will be presented to the Board for approval at the meeting scheduled for Tuesday, June 2. Mimmack said the budget presented to the Board at the next meeting will be unchanged from the budget presented in May.
For the next school year the EGSD has appropriated a total of $22.4 million with $5.9 million coming from reserves. The proposed general fund total appropriation is about $11 million.
The expenses and transfers budget for the EGSD for 2016, $11,702,408, is slightly above the expenses and transfers for 2015 at $11,489,405, an increase of a little over $200,000.
Included in the budget is a reduction of approximately 30 percent in the materials and supplies budget in 2016. Schmiedbauer said the reduction in the materials budget provided approximately $50,000 in savings, which was in turn rolled into staff and personnel benefits.
“We were hopeful that the state would be coming through with more of the money they promised,” said Superintendent Mimmack. “Once again we are in a situation where we are going into deficit spending. But we feel we have built a solid budget for the 2015-2016 school year.”
Funding for the EGSD is provided through a number of sources: local property taxes, specific ownership taxes – assessed annually on motor vehicles during registration – and funding from the State of Colorado. The amount of funding received from the state is based on the number of students in the district multiplied by a “per pupil funding amount” set by the state.
Next year the EGSD will receive a per pupil funding amount of $7,307.50, which is $256.58 more per pupil than last year’s funding amount of $7,050.92 per pupil. Currently there are 1,300 students enrolled in the EGSD. The district is anticipating an additional 26 pupils next school year.
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Grand County’s real estate transactions April 4-10 were worth more than $20 million combined.