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APS adopts 2nd budget adjustment for 2009-10 year

Submitted by on April 22, 2010 – 4:04 amNo Comment

Alpena Public Schools has adopted a second budget adjustment for the 2009-10 school year.

Traditionally the district makes three budget adjustments during the school year to account for unexpected revenues and expenses.

The latest adjustment called for a $61,000 increase in revenue and an increase of $250,000 in expenditures.  The net result is a deficit of approximately $189,000.  The deficit will likely be balanced by using the district’s fund balance or savings account, lowering that fund to $2.59 million.

Most of the added expenses are the result of an uptick in the district’s self-funded medical insurance policy.  Superintendent Brent Holcomb said that expense could come back down over the next couple of months.
Diane Block, assistant superintendent of operations, said some savings could still be in the pipeline from things like fuel costs, snow plowing and other unknowns that would offset the deficit.