Revenues and expenses are expected to hold steady as McDonogh City Park Academy prepares for the 2012-13 school year. The school projects $4,155,180 in available funds and $4,071,986 in expenses for the year – a one percent drop in both categories compared with last year.
The projections are based on a student count of 395, five fewer than the official count on Feb. 1. The school anticipates accommodating 28 special-needs students.
The budget allows for an increase in overall salaries of 1.6 percent.
In other spending categories, the school expects to spend to $159,532 on maintenance and repairs this year, a 32 percent decrease. In 2011-12 the school budgeted $238,490 for maintenance and repairs, but ended up spending $275,605.
The “other services” spending category calls for a 34 percent increase, from $466,719 last year to $629,284 for 2012-13. “Other Services” typically include transportation services, cafeteria management and insurance, among other things. The budget notes a 10 percent hike in insurance expenses. Transportation projections estimate the use of seven buses per day.
The expense for supplies and materials is projected to plummet from $223,906 in 2011-12 to $60,150 for the upcoming year, a 73 percent drop. Last year the school outspent the budgeted allocation of $161,295 by $62,611.
The school also anticipates an 89 percent drop in fees, with only $4,000 in administrative fees projected for the upcoming year.
Entering the year with a $71,437 carryover from past savings, the school expects to finish the upcoming school year with a $49,135 surplus, after depreciation of certain assets is factored in.
A public hearing on the budget is scheduled for Tuesday, July 17 at 5:30 p.m. in the school’s library.