Residents of Ridgway will not see an increase in property and occupation taxes after the Ridgway Area School District Board of Directors adopted the 2012-2013 General Fund Budget during Tuesday night's regular meeting.
Finance Manager Brent Rhoads presented a budget with revenues and expenditures of $11,831,371 with a decrease of $191,734 compared to last year's budget.
The breakdown of the budget includes: local revenues of $4,645,326; state revenues of $6,876,108; federal revenues of $116,000; a use of fund balance of $43,937; and a grant contingency of $150,000.
Rhoads said the district will use reserves of $43,937 to balance the budget.
The budget includes four retirements and one anticipated retirement in the upcoming year, in which two of the retirements and the anticipated retirement will not be replaced.
Rhoads noted a few changes to the preliminary budget proposed in May including dropping .8 of a mill tax increase off the budget which reduced revenues by $37,732.
The District had previously discussed hiring an athletic trainer during a workshop held on June 5.
"We are not hiring an athletic trainer at this time, but we wanted to have the money in the budget," Rhoads said. "We are worried about the new concussion rules and what's going to happen when they come out."
Rhoads also discussed projections for the 2015-2016 school year.
"We are still showing that in year 2015-2016, presently, if we continue on our same course we will be close to $500,000 in the hole," Rhoads said. "We will have used up all of the reserves and be in the hole. There is some time between now and then to fix that."
Pick up a copy of the Wednesday, June 13, 2012 edition of The Ridgway Record for more.
Ridgway Area School District
Board of Directors
Tuesday, Aug. 14
Francis S. Grandinetti Elementary Library