School budget appropriates $7.9 million in general fund

    Final budget numbers for 2018-19 were appropriated and the budget adopted at a special meeting of Holyoke School District Re-1J Board of Education Tuesday, Jan. 29.
    The final budget cites $7,935,435 in the general fund, with total appropriations of $9,194,607.
    Authorization was also given by the board to use a portion of the beginning fund balance in the general fund to allow for expenditures. This is simply done as a precautionary measure, noted Ben Rahe, director of budget and finance.
    The following appropriations for the adopted budget were approved for 2018-19:
    General Fund    $7,935,435
    Food Service    256,402
    Bond Redemption    525,512
    Trust and Agency    33,933
    Pupil Activity    443,325
    Total Approp.    $9,194,607
    
    In sharing FY19 second-quarter financials, Rahe reported that the final funded student count is 585.4. This is down by two from last year, while the total seat count was down six.
    Per pupil funding increased from last year by $515.44 per student, and the total assessed value for the district increased by $66,590.

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