KRUM — The Krum school district is projected to spend nearly $18.2 million in general operating costs in the 2013-14 fiscal year.
On Wednesday, the school board voted 5-0 to adopt the district’s 2013-14 fiscal budget. The budget takes effect Monday.
Operating expenses for the 2013-14 year are projected to total more than $1.3 million more than was spent in 2012-13, according to district documents. The documents indicate Krum is projecting to generate more than $17.1 million in state and local revenue for the operating budget. The district intends to use $1 million in reserves to absorb the remaining costs the district is projected to incur.
Board Vice President Donna Hooper, who led Wednesday’s board meeting in the absence of board President Phil Enis, said there was no change to the budget from what was presented to the board at a June 12 meeting, and that she found the budget adopted Wednesday to be “pretty standard.”
District Superintendent Cody Carroll has said the increased costs are attributed to the district’s growth.
Carroll clarified that the district intends to use $1 million in reserves to make adjustments to Bobcat Boulevard and to construct an additional six tennis courts. The district has four courts and the added courts will bring the district’s total to 10, he said. Both projects are expected to be completed prior to school starting in August.
The district intends to add 32 new employees to the district, according to Carroll.
“Of these 32 hires, 22 are replacing employees who have left the district,” he stated in an e-mail. “Out of the 32 new hires, 16 are replacing teachers who have left the district and another six are teachers filling new positions in the district. The remaining 10 positions are auxiliary staff.”
Carroll has said some new employees were hired to accommodate student enrollment growth. He has said enrollment has grown by 100 students in the last year.
District officials project a balanced budget for the child nutrition fund with expenses expected to total $790,000. A $163,820 surplus is projected for the debt service fund — revenue collected in the fund is used to pay the district’s debt expenses — and officials have estimated expenses for the fund will total $3.19 million.
Carroll has said it’s being proposed that the school board increase the district tax rate by 2 cents next fiscal year, from $1.52 per $100 valuation to $1.54 per $100 valuation, to pay off some debt so the district can have the capacity to finance projects to accommodate future growth.
It’s being proposed that the district’s interest and sinking, or debt service tax rate, be increased from 48 cents to 50 cents per $100 valuation, he said. The tax rate will be set in August, Carroll said.
BRITNEY TABOR can be reached at 940-566-6876 and via Twitter at @BritneyTabor.