CLEARFIELD – On Monday night, the Clearfield Area School District Board of Directors unanimously approved its 2009-10 General and Subsidiary Fund budgets without a tax increase.
The budget called for $31,969,611 in total revenue sources and $32,383,507 in total expenditures with real estate millage remaining at 86.84 percent.
In addition, the Capital Reserve Fund was approved in the amount of $547,515; the Athletic Fund Budget in the amount of $192,275; and the Cafeteria Fund in the amount of $1,335,382.
During his final budget presentation, Sam Maney, business administrator, said that the district has experienced decreasing revenue and increasing expenditures.
He said that the district’s expenditures are not on their way down. In contrast, he indicated that they’re gradually rising, making the budget process difficult as a result.
“It was a bit of a doosey and made it hard to balance,” Maney said.
“But it wasn’t anything that we could not overcome.”
According to him, state revenue represented 57 percent of the district’s revenue sources. He said that local revenue represented 38 percent and federal revenue 5 percent.
He said that real estate taxes served as 76 percent of the district’s local revenues, while the basic subsidy resulted in 72 percent of the district’s state revenue sources.
Maney said that salaries and benefits accounted for about 70 percent of the district’s expenditures this year. He said that salaries contributed to 48 percent and benefits 20 percent, respectively.
For the upcoming year, the district has allotted $15,469,496 for salaries and $6,482,540 for benefits, resulting in a $177,929 or 1.16 percent increase from 2008-09, according to the budget.
Maney said that the board is now hoping for an estimated $200,000 for this year’s surplus.
