It’s a solid budget, with much of the trimmings whittled off. General Fund expenditures in the adopted budget total $5.355 million.

Miles reminded the board the decrease in per pupil revenue (funding less than is required by law) has grown to over three-quarters of a million dollars. Called the negative factor, the district’s total is $769,009.

The board authorized the use of $200,000 from the beginning fund balance from the General Fund to finalize the balanced budget for the year.

Estimated beginning fund balance is $1.448 million, and if all $200,000 that is budgeted is indeed spent, the estimated ending fund balance for 2012-13 is $1,248,323.

Monitoring expenditures will be critical throughout the year, added Miles.

This will be the last year for a deficit budget, as the district has set a floor of $1.2 million in reserves.

Miles pointed out without a significant change in funding, enrollment, programming or reserve, next year will require difficult decisions in the district.

The following appropriations for the adopted budget were approved for 2012-13:

General Fund $5,354,517

Bond Redemption 470,603

Construction 2,933,892

Food Service 223,000

Trust and Agency 373,696

Activity 315,000

Total Approp. $9,670,708

Construction update

Supt. Miles reported on construction progress, noting weekly meetings are working well, providing clear communication.

The high school roof project is moving faster than expected and will allow the contractors to shift some personnel to the elementary school, which is a tougher job. Both are scheduled to be completed on time.

Junior high roof repairs are under way with finalized drawing from the engineer and payment from the manufacturer.

Demolition of restrooms, boiler and lights is mostly complete, said Miles.

Additionally, Internet wiring is complete in both buildings and security is nearly complete at the elementary school. Security work at the JR/SR High was scheduled next.

Holyoke Enterprise June 28, 2012