District deficit $2 million lower

Summer school funds weren't initially factored into the budget
Tuesday, December 14, 2004 | 12:00 a.m. CST; updated 8:56 a.m. CDT, Monday, July 14, 2008

Money from a successful summer school program has officials predicting that the Columbia Public School District will finish its 2004-05 fiscal year with a $2.8 million deficit, a figure $2 million lower than originally anticipated.

Jacque Cowherd, deputy superintendent for the district, presented the board with a monthly financial report of the district’s revenues and expenditures within the 2004-05 budget on Monday night.

He said that with November figures finalized, the district finished with nearly $3 million more than initial projections for that month. That’s because officials failed to factor into the original budget the money the school would take in and spend for its summer school program this year.

Cowherd also said as a result of that extra money, the district would finish the year with a lower deficit than the previously projected $4.8 million.

Also on Monday, Superintendent Phyllis Chase outlined guidelines for the planning of the 2005-06 budget.

Chase said the district will likely operate under a similar budget to the 2004-05 year, which totaled $174 million.

She also said that under the current guidelines for next year’s budget, all employees’ salaries and benefits will probably be maintained at the current level and voters will not be asked to approve an operating tax levy increase in April.

— Missourian reporter Katie O’Sullivan contributed to this report.

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