Niles school revenue up $1.3 millionPublished 2:10pm Tuesday, December 18, 2012
Niles Community Schools is seeing its revenue increase more than $1.3 million this school year due to better-than-projected enrollment and other factors.
On Monday, the Niles school board approved budget amendment No. 1, including a $1.37 million increase in revenue and a $580,000 decrease in expenditures.
Tom Skarbek, finance director, said the district originally budgeted for about 55 fewer students, accounting for around $400,000 in additional revenue. Another $750,000 in revenue came from Berrien RESA in the form of what Skarbek called an unexpected fund distribution.
“When their fund balance gets over 10 percent they give that out,” he said.
The $580,000 decrease in expenditures came from retiring teachers and decreased retirement benefit costs.
The district’s revenue for the 2012-13 school year sits at $34.24 million. Its expenditures are $33.49 million.
Also, the board presented Supt. Richard Weigel with a nameplate showing he received his doctorate in education. Weigel said he obtained the doctorate Sunday.
“We’ve seen a lot of vision in the district over the last year and a half, and the vision part of it has come from one individual … Dr. Weigel,” said Jeff Curry, board president.
The board also approved a $12,500 gift from the Huizinga Foundation for the purchase of technology equipment for Eastside Connections School and a $2,000 gift from Walmart for playground equipment at Northside Child Development Center.
Tags: Niles Community Schools