Ketchikan School District has surplus

Posted: Sunday, December 16, 2001

The Ketchikan School District has about $350,000 more in its budget than anticipated, primarily due to unexpectedly low expenses.

Business Manager David Means told the Ketchikan School Board on Dec. 12 that although the school likely will receive about $8,000 less than expected in revenue, expenses are down considerably, which will free up about $350,000.

The extra money is the result of new hires in the district - at lower salaries and benefits - cheaper heating oil and unexpected grants.

Means said administrators likely will come up with ways to spend the money by the board's Jan. 16 meeting.

The district budget for a given year is created in the spring of the preceding school year, and is based on a number of assumptions. The budget process for the coming school year began Dec. 12 with board approval of budget assumptions for 2002-03.



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