Leetonia schools see surplus in general fund
LEETONIA – For the first time in awhile the Leetonia school district has a surplus in the general fund, Treasurer Jennifer Coldsnow said Thursday.
Coldsnow said the $53,193 surplus is a result of staffing cuts and a slight increase in student enrollment. Enrollment increases allow district’s to earn more funding from the state.
The surplus was reflected in the annual tax budget approved by the board of education for the 2014 fiscal year which begins on July 1 of this year.
According to the budget the district’s general fund revenue is at little more than $7.15 million for new fiscal year.
Coldsnow said the general fund is typically in the negative. While the money in the general fund can be used for operating purposes, the district intends to use the surplus as carryover, meaning there are no plans to spend it immediately, she added.
“With us not knowing what the state is going to do we’re going to hold onto that (for now),” she said.
The board then approved:
– A total of $1,425 in donations from various individuals, businesses and organizations to be put toward the Girls Basketball Fund.
– Seth Whittemore and Devan Champney as workers for the 2012-13 basketball season.
– The retirement of Dave Hephner, effective March 1. Hephner has worked as a bus driver in the district since the early 1980s.
– Fifteen people as online instructors.
– David Pavlansky as a substitute teacher for the remainder of the 2012-13 school year.
– Allowing the Leetonia/Washingtonville Youth Baseball to use the facilities for Open Gym, March 3-29.
– A cooperative purchasing agreement with Stark County Schools Council.
– Setting compensation of board members at $80 per meeting with no cap for maximum number of meetings paid.
– Douglas Jones as board president, Kurt Jennings as vice-president and Ohio School Boards Association legislative liaison.
– Board meetings for the year were set at 6:30 p.m. the fourth Thursday of each month in Room 20.