Hazelwood Schools Realizing Operating Budget Surplus
The Hazelwood School District was awarded grants, combined with cost saving methods have put the district in a surplus position, even with added safety measures.
In November, Patch reported on the Hazelwood School District's (HSD) operating budget deficit reducing to $496,000. Prior to that, HSD was dealing with a $2.9 million operating budget deficit going into the 2012-13 school year. During Tuesday's HSD Board of Education meeting, Dwight Lindhorst, assistant superintendent for finance and facilities gave his quarterly budget update. He said the major changes to revenue dealt with incoming grants to the tune of $279,000 combined with a $65,000 financial institution tax balanced out a decrease of $220,000 of transportation revenue to make the current operating revenue balance $123,000. On the spending side, HSD had to match those incoming grants to the tune of $279,000, Lindhorst said. HSD also …
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Ashley Nevilles
11:16 am on Friday, February 22, 2013
This is unfortunate. The tax revenue portion. That means HSD will have to dig into reserves or look for grants, but it's dangerous to teach based on grant funds because you are teaching what the grant desires and not what the students need. more ›