Billings Public Schools preliminary budget savings 2013-2014

April 10, 2014 3:40 pm

The preliminary amounts above are subject to change throughout the year.

  Elementary High school  
1% savings goal  $710,967 $381,430  
Total savings YTD $671,717 $249,882  
Remaining to goal $39,250 $131,548  
Percent of goal achieved YTD  94% 66%  
       
  Elementary  High school Total
School savings (5%)  $100,569 $76,286 $176,854
LST savings (10%) $88,846 $59,083  $147,929
Maintenance/utilities budget savings  $149,000  $53,333  $202,333
Bond counsel  $40,000 - $40,000
Election savings (if no May levies)  $35,000  $10,000 $45,000
Sungard Accounting software savings  $58,667  $29,333 $88,000
Staffing efficiencies  $79,753 $21,847  $101,600
Total  $551,835 $249,882 $801,716
Anticipated enrollment (see below)  $119,883 - -
Total  $671,717 $249,882 $921,599
       
Anticipated enrollment reconciliation        
Total funding based on increased enrollment    $1,507,697   
Estimated amount reduced due to actual October enrollment   ($952,676)   
Total estimated funding from SB175   $555,021   
Amount used to purchase textbooks     $435,138   
Estimated amount of savings to reserves    $119,883  
       

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