BATAVIA – Batavia School District 101 is projecting a budget with a $205,446 surplus for the coming year.
Kris Monn, the district’s assistant superintendent for finance and operations, gave school board members Tuesday a presentation on the 2015-16 preliminary budget, which shows revenues of $87.9 million and expenses of $87.7 million, for a surplus of $205,446. In the proposed budget, property tax revenues are expected to grow from $62.2 million to about $63 million, or an increase of $524,017.
“Property taxes have been a very stable revenue source for us,” Monn said.
The budget projects general state aid will go down from $3 million to about $2.8 million, or a $266,816 decrease.
Key expenditure assumptions include $1.3 million in capital projects, including an estimated $441,500 for replacing the boiler at Rotolo Middle School, $282,250 in parking lot improvements at Grace McWayne Elementary School, and $90,200 in athletic field improvements at H.C. Storm Elementary School.
The board voted to place the tentative budget on public display, and to set a public hearing on the budget for 6 p.m. Aug. 25 at the Rosalie M. Jones Administration Center, 335 W. Wilson St. The board is set to vote on the budget at its Sept. 22 meeting.
This was Monn’s last budget presentation to the board. Monn, who started with the district in 2009, is leaving to become the new school superintendent for Minooka Community Consolidated School District 201.
“You will be missed,” Batavia School Superintendent Lisa Hichens told Monn.
Monn’s last day with the district is Thursday. Hichens said the district will be filling Monn’s position.