The Duncan Banner
Sequestration and a decline in state gross production and school land earnings are negatively impacting Duncan Public Schools financials. But the school district is sitting comfortably.
During Tuesday’s Duncan Board of Education meeting, Rodney Calhoun, financial director and assistant superintendent, provided an update on the district’s financial situation. Calhoun said the financials are down significantly, although the impact isn’t completely known.
Calhoun said the school district is about $525,000 behind on gross production, which is about the salaries of 10 teachers. He said school land earnings is down about $283,000. And Sequestration could impact the school with a 5 to 10 percent cut, although Calhoun is already planning for 10 percent.
“We’ll have a similar year to last year, even with the cuts,” Calhoun said. “We’ll be alright with the carryover.”
Calhoun said the school district is still going strong because of some of the decisions that have been made in the past three years. He said the idea is to continue expecting the worse and relishing when things turnout for the better.
“He has been conservative in his projections,” Superintendent Sherry Labyer said about Calhoun’s calculations.
The school district started looking closely at ways to save money around the beginning of the recession. With state cuts and other losses in funding sources, the school district has done what it can to maintain the services utilized by the students, Labyer said.
Labyer said the enrollment in Duncan Public Schools continues to increase, but the money to serve all students isn’t keeping up. Board member Eric Davis broke down the situation for the rest of the board.
“We’re going to be down $1 million, but we’ll still be OK,” Davis said. “But we’re supposed to provide the same services.”