Slight drop in overall spending projected, despite jump in some budget categories

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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.

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