Thursday, May 17, 2012
The Francis Howell Board of Education will look at an early budget for next year, and projections for years to come at Thursday's meeting.
A budget workshop is on the agenda for Thursday night's Francis Howell Board of Education meeting. With the school year winding down, attention is already being focused on the next year. Because of the shift in focus, Howell Chief Financial Officer Kevin Supple will lead a workshop on that state of the Francis Howell budget. Supple's presentation, posted on the Board Docs portion of the Francis Howell website, will be broken down into three sections. A look back at the current financial situation, a look at the upcoming budget and a preview of what to expect down the road. The board will take another look at the funding formula for Missouri and the challenges it presents—namely that the state hasn't increased funding for K to 12 …
Friday, January 6, 2012
Board votes to increase rates for two programs at first meeting of 2012.
Tuition rates for Francis Howell preschools and Vacation Station will be going up. Following a work session on the subject during the last meeting of 2011, the Board voted Thursday to raise the tuition. The Board voted 5-1 to increase the tutition for preschools and Vacation Station—Mark Lafata was the lone no vote and Cynthia Bice was absent from the meeting. Vacation Station provides before and after school care for students, as well as intersession care while preschool has learning programs for students ages 3 to 5. Chief Financial Officer Kevin Supple said that the goal of the programs is to operate on a break-even basis. After not raising tutition for several years, rates have gone up in each of the past four years. Supple said the …
Friday, December 16, 2011
Board of Education making plans for what to do when a $.20 tax levy expires in 2014.
Recent budget projections have shown the Francis Howell School District facing some trouble in years ahead. After a long run of growth in the District, property tax rates have gone flat while state funding has proven to be unreliable and unpredictable. With those two factors working together, Francis Howell is staring at years in the red that would begin to drain a large surplus. The money issues prompted Thursday night's discussion at the Board of Education meeting about the District tax levy. After tax collections in 2013, a twenty cent tax levy is set to to expire. The levy, when fully collected, produces about $4 million into the District. With the expiration looming, the Board conducted a work session to figure out just what to do …
Friday, November 18, 2011
Total revenues are expected to be $202.3 million while expenditures will be $221.5 million.
The Francis Howell School Board approved a revised budget for the 2011-12 school year on Thursday. This revised budget reflects changes in the amount of money the district will receive from state and federal sources, as well as some changes in spending. The district will receive nearly $1 million less from the state and about $200,000 less from the federal sources than anticipated when the budget was first approved. Local and county tax revenue is higher than expected, however, so the total revenues for the general and special funds are expected to decrease by just $65,000 to $168 milllion. The district also made some changes to expected expenditures, hiring new elementary instructional paraprofessionals, and increasing the amount of time …
Friday, August 19, 2011
With decreased revenue, the Francis Howell School District may have to raise taxes.
Declining revenue from the government and property taxes has the Francis Howell School District searching for more money to cover expenses. The answer may be a tax increase. The Board of Education will vote on the tax rate for the next year at the Sept. 15, 2011, meeting. In order to gear up for the vote, the Board was presented financial documents from Chief Financial Officer Kevin Supple. The documents showed the District having increased expenditures every year but fairly steady revenues. The results, according to projections, are significant losses in fiscal year 2015 and 2016 totaling more than $28 million. Supple said the goal for the District as it relates to the tax rate is to remain revenue neutral. For example, if the District …
