Budget delivers good news for BCSS
Published 10:00 am Wednesday, September 4, 2019
Higher sales tax revenues are among the reasons that the financial condition of the Butler County School System is improving.
BCSS Chief Financial Officer Brandi Mosley updated the Board during the Aug. 22 meeting and spoke about revenues and expenditures.
“Our receipts were approximately $1.79 million and that is more than normal or usual because we had the semi-annual interest payment and principal payment from the 2016 bond issue,” she said. “Gross payroll expenditures were $1.9 million and the ending general fund balance is $2.4 million or 1.25 months of operation.”
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Mosley also delivered good news about the 1 percent sales tax.
“So far year to date, we’ve collected $1,790,345 and our sales tax collections are remaining up,” Mosley said. “Property tax collections are starting to taper off, but they do remain up by 2.6 percent vs. the same time last year. So far, year to date we’ve collected $2,805,126. That is more than what we collected over the whole fiscal year last year. We’re already ahead of the game. If we continue our trend, we should end the year with a growth of 3.5 percent.”
In June, the District ended with $2.4 million and in July, the number was $2.2 million.
“We are starting to go down a little bit,” Mosley said. “Our project year-end balance will be a little over $2 million, which is slightly over what it was. That number includes $700,000 in technology funding.”
The Butler County School District also announced a workshop to address the District’s policy regarding the use of electronic devices. The session will take place at 5 p.m. before the Sept. 19 regular meeting. The workshop will be held in the Central Office Boardroom.