Norfolk Public Schools 2018-19 fiscal year budget talks start
NORFOLK - Norfolk Public School Associate Superintendent Dr. Bill Robinson led 2018-19 fiscal year budget talk during the Board of Education meeting Thursday.
Dr. Robinson hit on a number of topics about the budget including property taxes, the levy, expenditures, and others.
He said NPS’ expenditures for the new fiscal year are looking good.
“We’ll have slightly more expenditures than revenue, but we’re doing a two million dollar transfer as an expense from the general fund of depreciation. So if you actually take that out we were substantially under in our expenditures and above our expected cash growth. We are purposefully going to look at decreasing our cash balance at the end of the year by about a half million dollars which will still leave us with close to $16 million in our general fund cash balance.”
Dr. Robinson also stated that over the last eight years, the district’s budget increase was only 2.38%, and the levy was reduced by 14 cents.
He also said NPS’ cost per student in 2016-17 was $10,785.65 which is $1,444.37 less per student than the state average of $12,230.02.
Budget and tax hearings will be held at 6:30 p.m. at the September 10th board meeting, after which the board members will vote on whether they accept the budget and levy for the 2018-19 fiscal year.