The Mehlville School District’s operating-fund reserves are projected to total more than 20 percent for fiscal 2013, according to Chief Financial Officer Noel Knobloch’s preliminary 2013-2014 budget.
Knobloch is scheduled to present the preliminary budget to the Board of Education when it meets at 7:30 p.m. today — May 9 — at the Administration Building, 3120 Lemay Ferry Road.
General fund projections for fiscal 2014 begin with $14.3 million and include $34.8 million in revenue and nearly $35 million in expenditures. The ending balance for fiscal 2014 is projected at roughly $14.2 million.
Total budget projections indicate a beginning balance of $31.4 million with revenues of $105.5 million, expenditures of roughly $106 million and an ending balance of roughly $30.9 million.
Knobloch wrote in his report to the board that, according to his projections, “along with a near break-even budget for fiscal 2014,” the district will be able to “fund the salary schedule, invest in classroom technology and continue the capital projects which have been included in the five-year plan.”
Revenues are expected to increase roughly $2.5 million.
“The entire increase comes from the state formula payments as a result of additional attendance days generated by full-day kindergarten and an expected increase in the formula proration from 92.5 percent to 94.5 percent,” Knobloch wrote.
In December, the school board unanimously approved the implementation of tuition-free, full-day kindergarten starting with the 2013-2014 school year.
Local revenues will remain near the 2013 level, according to Knobloch.
“The slight increase in local taxes results primarily from new construction and an increase in personal property,” Knobloch wrote. “This amount assumes the roll-up of the residential rate to compensate for the 3.5 percent drop in residential assessed valuation.”
Due to the increase in full-day kindergarten students, food service and “payments for free and reduced lunches are expected to increase,” according to Knobloch.
Salary expenditures will increase roughly 2.5 percent as a result of certified salary schedule increases in fiscal 2014.
Classified employees will receive “the adjustment of one level on the respective salary schedules, which are established by job function,” according to Knobloch.
Roughly $100,000 will be used for “increased security” at district elementary schools, Knobloch wrote.
Knobloch expects medical insurance costs to increase by 12 percent to 15 percent due to the Affordable Care Act, but that employees will split the cost with the district.
Capital expenditures include roughly $900,000 for items on the district’s five-year facilities plan and $400,000 for “operational and instructional needs,” according to Knobloch.