Charter Schools Related schools coverage »
 

Enrollment means more money for Hynes

Edward Hynes Elementary School has received a boost in per-pupil funding due to higher enrollment than anticipated, according to reports given during a board meeting Monday night.

The school budgeted for 655 students and enrolled a total of 666 by Oct. 1, Principal Michelle Douglas said.

That left the school with nearly $946,000 in per-pupil funding for two months ending in August —  $37,600 more than what the school first estimated for that time period, according to a financial report given by Chief Financial Officer John Gaudry.

Of the $5.8 million budget for the 2013-14 fiscal year, more than $5.4 million of the school’s anticipated revenue comes from per-pupil funding.

The other funding comes from No Child Left Behind funds, donations and other income.

A statement of activities shows a deficit of about $16,000 from budgeted No Child Left Behind funds, but Gaudry explained that even though the funds are spread out quarterly, the budget isn’t broken down by quarter.

The school also has $8,000 less from budgeted donations and about $4,500 in deficit for other income for the months of July and August.

The per-pupil funding more than makes up for the difference, however, resulting in a surplus in revenue so far of more than $8,000.

Also, the school spent about $64,500 less than budgeted in expenses during the months of July and August, leaving the school with a net surplus of nearly $73,000.

“There are really no big items here that are of concern,” Gaudry said.

During a principal’s report, Douglas said that Hynes students were doing well academically. The school maintained its “A” score from the Louisiana Department of Education, with an SPS of 107 out of 150.

First quarter test results also showed that 88 percent of the students have reading mastery, and the majority of students for five out of eight grades received an “A” for a first quarter math grade.

“We’re proud. We really are,” said Douglas. “It’s a lot of hard work.”

Help us report this story     Report an error    
The Lens' donors and partners may be mentioned or have a stake in the stories we cover.