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Alpena Schools continues to slowly build budget surplus

Submitted by Phil Heimerl on June 14, 2018 – 12:54 amNo Comment

Alpena Public Schools continues to slowly build up its general fund balance after emerging from a deficit in 2016.

Administrators unveiled a final budget amendment for the current year Wednesday, and a new budget for the fiscal year starting July 1.

The district is projecting a year-end general fund surplus of approximately $598,000, taking the fund balance to over $2.97 million.  The 2018-19 budget is starting out with a projected modest gain of about $182,000.

The district is estimating another decline in enrollment next year, however Superintendent John VanWagoner is encouraged by the number of kindergarteners who have already signed up for school.

The district is also expected to receive an extra approximately $900,000 in state aid after lawmakers raised funding for schools in the new state budget.  But that will be offset by about $360,000 due to declining enrollment.

The new budget includes funding for three new buses.  A public hearing on the budget will be held during Monday’s board of education meeting, which starts at 5:30 p.m.

The majority of the expenses in the new budget, a little over 83 percent, will be spent on employee salaries and benefits.

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