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Thursday, April 17, 2008
District in Good Shape Despite Fewer Students
By By Lee Ross /
Mountain View Telegraph
Even though it lost students again this year, the Moriarty-Edgewood School District is not losing much of its funding, and some staff might even see pay raises.
That’s according to numbers presented by Marla Lovato, the school’s coordinator of business services, at the school board meeting Tuesday night.
She said there has been an increase in the unit value funding, which is partly based on enrollment, for the school. That means an increase of about $615,000 in funding for the school.
Lovato incorporated a few other figures into her projections.
With fewer students, there are several teachers retiring whose positions will not be renewed. In all, the school plans to have five fewer teaching positions in the coming school year, which means $291,200 less in operating costs, Lovato noted. The district was losing money in the other projected figures for the upcoming year, including the increased cost of medical insurance, utility prices and mandatory salary increases.
In all, additional costs came to $624,292, or about $9,000 more than the increase in funding.
In addition, the district has managed to save $1.6 million to carry over into next year’s budget. The money came from a roughly $800,000 reimbursement for the school’s federal program and a number of fiscal policies the district adopted, Couch said.
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