OCS passes $13.6M budget

Published 1:31 am Saturday, September 16, 2017

Opp City Schools on Thursday passed a $13.68 million budget.

The system is expected to receive $13.2 million in revenue from state, federal, local and other sources.

It is expected to expend:

  • $6.8 million on instructional services;
  • $1.9 million on instructional support services;
  • $1.3 million on operations and maintenance services;
  • $1.5 million on auxiliary services;
  • $768,865 on general administrative services;
  • $799,870 on debt service; and
  • $477,694 on other expenditures.

There is expected to be a beginning fund balance on Oct. 1 of around $3.9 million and an ending fund balance of $3.7 million on Sept. 30, 2018.

The current fiscal year beginning fund balance was $4.5 million.

August’s ending fund balance was $4.7 million.

Opp City Schools has three months operating reserve. The state requires one month.

State funding from the foundation program is calculated off an Average Daily Membership from the previous school year. OCS had an ADM of 1,287.

Linda Harper, chief financial officer, reported that enrollment numbers were increasing from last month and that while it wasn’t the official ADM number, that current numbers were showing around 1,278.

ADM is calculated using figures from the 20 days after Labor Day.