CLEARFIELD – On Monday the Clearfield Area School District Board of Directors heard a preliminary budget presentation from Business Administrator Sam Maney. He said the preliminary budget includes a 6-mill real estate tax increase, but the district is aiming for a zero increase when finalizing it in June.
According to the budget paperwork, the beginning fund balance will be $5 million, and revenues are being estimated at $31.7 million with $14.5 million from local sources, $16 million from state sources and $1.1 million from federal sources.
Total revenues sources, including the estimated fund balance, are anticipated in the amount of $36.7 million, while total expenditures are anticipated at $34.5 million.
The total ending fund balance is currently being projected at $2.1 million and $200,000 is in budgetary reserve for unanticipated expenditures.
Maney said the district isn’t bound to the 6-mill increase, and it only gives it more flexibility. He said it’s easier to start with a higher millage rate and whittle it down because it keeps options open.
“We can’t grow it, but we can shave it back,” Maney said.
