The Bottom Line
2008-2009 Fiscal Highlights
Following are financial highlights from the 2008-2009 fiscal year:
June 30, 2009-- The Springfield school board adopted the 2009-2010 operating budget Tuesday night. Included in the budget are a one-half percent salary increase for employees and increases for eligible employees who are pursuing advanced degrees. Read more...
June 16 -- During study session, the school board considers the 2009-2010 budget, which includes $192.3 million in revenue and $192.9 million in expenditures. Budgeted for 2009-2010 are a .50 percent salary increase for all employees, plus increases for eligible employees for pursuing advanced degrees. The school board will adopt a budget at its June 30 meeting.
May 26 -- School board conducts budget work session following regular school board meeting. View information provided to the board. Read a meeting summary.
May 13 -- Compensation Committee considers options of implementing vertical steps or a one-half percent salary increase.
May 12 -- Frequently Asked Questions document responds to common questions from staff and stakeholders. Submit a question.
May 12 -- Superintendent Norm Ridder posts a budget update message. Read his blog.
May 7 -- Missouri General Assembly passes Fiscal Year 2010 state operating budget, which includes fully funding the foundation formula. While this maintains state level funding for education, it does not address revenue shortfalls from local sources anticipated by the district.
April 23 -- School board reviews preliminary 2009-2010 budget during work session. Read a meeting summary.
April 13 -- DESE calculates amount of Special Education ARRA funds school districts may receive in 2009-2010.
April 10 -- DESE calculates amount of Title I ARRA funds school districts may receive in 2009-2010.
April 6 -- DESE issues guidance to school districts about ARRA allocations.
April 2 -- Superintendent Norm Ridder writes letter to President Barack Obama regarding stimulus funds.
March 26 -- District cuts $4.2 million in expenditures from the 2008-2009 budget to help address a potential $4.7 million deficit. The district is expecting a decrease in revenue due to a shortfall in property and sales taxes, investment income and other state, county and local revenue sources. In spite of these cuts, Springfield Public Schools will likely end the 2008-2009 fiscal year with a deficit of about $540,000.
March 18 - -Staff identify 150 facility improvement projects totaling $66 million that could be funded by State Fiscal Stabilization Fund.
