34 South Main St., Attleboro, MA - (508) 222-7000
Attleboro
City schools end fiscal year with $510,000
Top Headlines However, most of that money has already been spoken for in the form of electricity bills. Schools Business Manager Marc Furtado said the actual amount won't be certified until next month. The leftover funds represent about nine tenths of one percent of the annual budget. About $330,000 of the amount is already slated to go for electricity costs. And other expenses, such as an anticipated increase in sewer and water utilities, will eat up most of the rest. About $80,000 to $100,000 could be left over by the time those bills are paid.
Post Your Comments Harry Hindsight wrote on Aug 20, 2008 10:35 AM: " The beauty of working with the schools are the contracts. Isn't that why they are there, to hold and know costs for the year. If the school contracts to buy 10k cartons of milk per year at a certain price, those tykes better be drinking the moo juice or I'm sure the school department still has to buy them. Same goes for the buses. Doesn't the school department lock into a contract for drivers, fuel and maintenance? I could be wrong, or does the schools have an ballon check book that they draw from durring the year and hope they budgeted accordingly? Or do they sign contracts with suppliers so they know their costs and know what to ask the city of in terms of funds? " watcher2 wrote on Aug 20, 2008 8:09 AM: " From what I saw from School Committee the other night most of this money WAS needed to purchase necessary items including contractual needs. It was "left over" due to fact that the school year goes until August 31, but the fiscal year ends on June 30. Also a problem with some vendors not having the "bills" processed in a timely fashion! Would love to have MY HOME budget come out to .0009 of what I projected it to be fifteen months ago! As for knowing about budget increases...School budget was prepared in Feb? Mar? I sure didn't know what was happening to the gasoline price back then! Not sure how they could have anticipated THAT kind of increase for this next year! " kevin h. wrote on Aug 20, 2008 8:04 AM: " Easy there Harry. Don't touch the third rail. ;-) " Harry Hindsight wrote on Aug 20, 2008 7:12 AM: " The school department is able to roll surplus monies over into the next fiscal year without sending it back to the general fund? Shouldn't the anticipated sewer/water increases be budgeted and asked for next year, not taken from the surplus this year. They know about the cost increases, why not budget for it. Turn the excess back to the city, or deduct it from this years budget. In essence, the schools can run on $510K less. Oh who cares, it's for the kids. " or
|
