Hopkins district begins climb from deficit years
After years of spending the fund balance down to dangerous levels, Hopkins Public Schools hopes to continue raising the balance with the 2014-15 general fund budget the board approved on Monday, June 16.
The district’s business manager Katie Jager said the budget is being built based on a 10-student decrease.
“This was due to an enrollment projection they hired Dr. Fred Ig-natovich from Stanfred Consultants to perform which predicted our enrollment to decrease,” she said. “The projections are usually very conservative so, of course we are hoping not to see a decrease at all, but the board wanted to be conservative as well.”
With the planned savings the district hopes to raise its fund balance nearly $100,000, or to 5.88 percent from 5.13 percent of expenses.
The 2012-2013 school year ended with the fund balance at 4.82 percent.
Stephens said tightening the purse strings and relief assistance from teachers and others allowed the district to end this year with a more than 5-percent fund balance.
For full story, pick up a copy of the June 19 issue of The Allegan County News or subscribe to the e-edition.