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School board to approve spending plan Thursday

By Harold Reutter
harold.reutter@theindependent.com
Published: Monday, May 9, 2011 12:10 AM CDT

During its regular May meeting at 6:30 p.m. Thursday in the Kneale Administration Building, the Grand Island school board will be asked to approve a spending plan that proposes to reduce numerous expenditures for the 2011-12 school year.

Finance Director Virgil Harden has placed the various proposed reductions into different categories: districtwide, preschool, elementary school, middle school and high school.

Twenty-nine line-item reductions were listed for the entire district, four line items were listed for preschool, five line items were named for elementary school, four were for middle school, and 16 line items were listed for Senior High.

The biggest reductions, though, reflect consensus decisions that the school board and administrators made early in the budget process. That includes not making a $2 million transfer from the general fund to the depreciation fund. Once the money is in the depreciation fund, it can only be used to buy long-lasting items such as school boilers, vehicles, equipment, furniture, textbooks and so on.

The depreciation fund balance is built up when it receives a transfer from unspent general funds at the end of the year. By making a smaller transfer this August, the district's general fund and cash reserve balances will go up.  Full Story

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