By Casey Crow
Staff Writer
On Tuesday, June 9, the school board met to discuss and approve Archuleta School District’s (ASD) budget for the upcoming 2015-2016 year.
The budget was last reviewed by the board on May 28. The total expenditures budget for the upcoming year is $13,981,871.
Including existing cash balances, the budget states an expected revenue of $23,172,583. Appropriations include $527,500 in expenditures from the general fund reserves to “maintain educational opportunities, to fund step salary increases, to initiate funding of a curriculum reset, and to transfer to the Capital Reserve Project and the Food Service Fund.”
The Capital Reserve Project can only be used for one-time expenditures, rather than continued expenditures such as teacher salaries. This year, much of the fund will go toward replacing technology, new desks, new fitness mats, a screen for the high school auditorium, upgrading two vehicles, painting, and a consulting fee for replacing the roof on the intermediate school, among other things.
According to Moody’s, a fiscal consulting group, ASD’s monetary reserves grew in the past few years, and the group, as well as district auditors, recommended using this money for some of the expenditures listed above.
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