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Local

District 304 passes $92M budget

GENEVA –  The Geneva School District 304 board approved a 2013-14 budget Monday of nearly $93 million in revenue and nearly $92 million in spending for the next school year.

Assistant Superintendent for Business Services Donna Oberg said the new spending plan leaves the district just more than $1 million in surplus revenue for emergencies. 

“Overall, we have a balanced budget,” Oberg said. “Over this next year we have salaries increases by 2.65 percent approximately, as well as insurance increases of 4.4 percent.” 

Oberg said she presented the tentative budget to the Finance Advisory Committee twice and members suggested some reductions in the education fund that she applied to the final proposal.

“One was the carry-over tech plan, that was about $148,000,” Oberg said, referring to funds carried over for computer purchases. “I made a reduction in the post-employee benefits of $150,000. We had too much budgeted there and I reduced that.”

Oberg said the new spending plan is about $1.5 million more than the district spent last year.

“As you know, the budget is a plan,” Oberg said. “This budget for 2014 is my best projection of what we will spend or are planning to spend next year.”

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