The Pine River-Backus School Board approved the preliminary 2020-2021 budget Monday, June 22.
The district's $500,000 construction bond accounts for the most significant change to the budget, appearing as deficit spending in the budget worksheets Business Manager Jolene Bengtson presented.
The budget includes $12,660,543 in revenue and $13,190,609 in expenses. In an email, Bengtson explained that the revenue for the bond is being received as revenue in the 2019-2020 school year with expenses booked in 2020-2021, thus explaining the appearance of deficit spending.
The district is otherwise expecting increases in: general fund revenues by $470,523 (5%) from the revised budget figures, state revenues in the amount of $371,450, aid revenue in the amount of $310,023, special education aid in the amount of $51,670 and compensatory funds in the amount of $127,446.
The aid revenue increased due to projected enrollment numbers for the 2020-2021 school year. Per pupil unit funding also increased from $6,438 to $6,567.
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General fund expenses increased $324,509 (3.4%), with staff salary and benefit changes accounting for $270,407 of that increase.
Travis Grimler may be reached at 218-855-5853 or travis.grimler@pineandlakes.com. Follow him on Facebook and on Twitter at www.twitter.com/@PEJ_Travis.
