Schools take $1.9M budget hit

Austin Public Schools is scheduled to take a sizeable hit to its funds next year.

Board members passed a budget for the 2011 school year Monday, and among the changes is a $1.9 million hit to the district’s general unreserved fund.

“We’ve been planning this for a long time,” said Mark Stotts, the district’s finance and operations director. “We’ve known about this for a long time.”

The budget deficit is due in part to increasing costs, flat per pupil funding from the state and the lack of recent one-time grants that normally offset inflation costs in previous years.

The district carried a balanced budget this year, with about $1.9 million extra in general funding reserves. That means the general fund grew by about $600,00 to $800,000, according to Stotts earlier this year. The district’s budget is constantly fluctuating due to many expenditures and revenue coming in and out of various funds, making it sometimes difficult to pinpoint district funds to the exact dollar.

The general unreserved fund this month is about $6.1 million, and estimates for next June indicate the general fund could drop to about $4.2 million. That’s still higher than the $3.9 million bench mark board members have set for the district’s budget. District bylaws mandate its unreserved fund to have enough money to cover a month’s worth of expenditures, which is estimated at about $3.9 million given the district’s $47 million overall budget last year.

Last year’s one-time $1 million grant from the federal Education Jobs Bill helped the budget, balancing out a projected $1.5 million deficit. That won’t be the case this year, and district officials say they are prepared for the budget crunch next fall.

SportsPlus

Mower County

PHOTOS: Annual Smashing Cancer Demolition Derby roars to life for 12th run

Mower County

City takes steps in stemming EAB presence; more work ahead

Mower County

Health officials encourage more schools to test for radon

Crime, Courts & Emergencies

Convictions: March 3-10

Mower County

In Your Community: Five generations of Heards

Mower County

In Your Community: February 2025 Sweeps Winner

Mower County

In Your Community: Book benefit coming in April

Mower County

In Your Community: Duplicate Bridge

Mower County

In Your Community: Mower County Senior Center

News

USPS agrees to work with DOGE on reform, planning to cut 10,000 workers

News

Immigration officials arrest second person who participated in pro-Palestinian protests at Columbia

News

Hundreds of federal offices could begin closing this summer at DOGE’s behest, AP reveals

News

More than 50 universities face federal investigations as part of President Trump’s anti-DEI campaign

News

Top diplomats from G7 countries meet in Canada as Trump threatens more tariffs on US allies

Mower County

Severe weather possible Friday night into Saturday

Crime, Courts & Emergencies

Austin man gets probation for case involving child sexual abuse material

Education

Minnesota, 21 other states sue to halt dismantling of U.S. Education Department

News

Senate Democrats refuse to go along with GOP spending plan, as shutdown deadline nears

Mower County

Watch for prescribed burning March 13 on Hwy 218 south of Austin

Mower County

Roaring Twenties Spring Soiree fundraiser at the Hormel Historic Home

News

Trump’s 25% tariffs on all steel and aluminum imports go into effect

News

Democrat David Gottfried easily wins Minnesota House special election, restoring a 67-67 power split

Business

Bringing people together: Olive Joy Co.’s charcuterie plates a centerpiece for people

Education

2 buildings in APS district see elevated radon counts