Archived Story

TCS approves budget

Published 11:00pm Thursday, September 27, 2012

The Troy City Schools Board of Education passed its FY2013 budget Thursday morning, approving a plan that will leave the district with slightly more than three months’ operating reserves at the end of the year.

The budget, reviewed twice during public hearings, includes $23.1 million in planned expenditures (including $3.5 million in construction projects) and $17.7 estimated revenues. The difference – some $5.3 million – will come from bond proceeds ($3.5 million) and the general fund operating reserve.

Mickey Daughtry, CFO of the district, said the budget includes an estimated 3 percent growth in sales tax revenues over FY 2012; a 5 percent decline in state funding; and a 9 percent decline in federal funding.

Personnel costs for the entire district – including administration, faculty, staff and support personnel salaries and benefits – is $15.2 million or 78 percent of total expenditures.

Dr. Judson Edwards, president of the school board, said he reflected on the changes to the system’s budgets during the past five years as he reviewed this budget.

“I was thinking back over the history of this and we’ve faced a combination of things: the economy, loss of enrollment, state proration … but we’ve been blessed to have had the management in the past to allow us to draw from the reserves.”

Edwards said the district officials worked to prepare a conservative budget. “When I look at the composition of the budget, I don’t think we’re spending money just to spend money,” he said. “When you look at our discretionary spending, our non-human resource spending, it’s conservative.”

Superintendent Lee Hicks said he was pleased with the budget.

“We’ve been working toward this,” he said. “We’ve worked some local units off, but there are still some decisions to be made in the future. “

 

  • Omelas

    “…but we’ve been blessed to have had the management in the past….”–Dr. Edwards, from story

    So, just how long does Dr. Edwards thing that the Board can ride the backs of those who came before? They have, in about a year, cut a 6+ month operating reserve to a 3 month operating reserve.

    If Dr. Edwards would get his nose out of Hicks’ rear end, he could see around the cheeks to see the economic doom looming ahead.

    “People under the influence of cults is similar to that we observe in addicts. Typical behaviour for both includes draining bank accounts, neglecting children, destroying relations with family and losing interest in anything except the drug or cult.”–Keith Henson

    Cult of personality is no different. Already the Board is exhibiting at least the first two traits…maybe more. I wonder when they will be seen chanting in airports, handing out football schedules instead of flowers? My advice would be to print those schedules up quickly–before the money runs out.

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    • Invictus

      Funny, I didn’t even have to click on the article to know it was you who commented on the article. Same for the article the other day. As soon as I saw a TCS article and comments I knew what to expect.

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      • Omelas

        Perhaps. But, you have offered no fact-based rebuttal to my comments. You have nothing to say, but feel compelled to speak. I find that a little sad.

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        • Invictus

          Do you need to be held? I don’t have to have a rebuttal to make a comment on here. I simply stated facts…..as soon as I saw comments I knew you had read the article. True? Yes…..I am right, I know it.

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        • Omelas

          YAAAAWWWNNN. Someone wake me when the pixels on the screen say something of substance.

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        • Invictus

          You mad bro? **sniff-sniff** I’m hurt……

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        • Omelas

          Invictus, you should be hurt that those entrusted with the stewardship of your tax dollars are going through the reserve like Sherman went through Georgia.

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