The Trenton R-9 Board of Education officially accepted the 2019-20 budget and closed out the 2018-19 year during a special meeting on Wednesday morning.
Board members approved the new budget that shows revenues of $19,702,468 and expenditures of $17,921,878. As was noted at the regular June board meeting, $7 million of the revenues come from bonds the district will be selling for its construction project while $5 million in expenditures is the amount of money anticipated to be spent during the year for the project. Superintendent Dan Wiebers said the amount of deficit in the incidental fund projected when the proposed budget was presented earlier this month had actually decreased by around $20,000 due to employment of staff who filled open positions at a salary of less than what the district had been paying.
The district is looking at beginning the 2019-20 fiscal year on July 1 with a 27.48 percent fund balance of just over $3.2 million. The current fund balance is $3,080,243, however, special education funds and interest from investments will be coming in before June 30 and will increase that number to the $3.2 million figure.
As part of the actualization of revenues and expenditures for the 2018-19 year, the board voted to transfer $902,156.25 from Fund 1 to Fund 2 (the teacher’s fund) to zero out that account to start the new year.
In other business, the board approved an agreement with the Missouri Department of Social Services’ Mo Health Net program, allowing the district to continue to receive reimbursement for services provided to Medicaid-qualified students.
All votes were 6-0 with Brandon Gibler, Cliff Roeder, Dorothy Taul, Marcie Cutsinger and Dr. David Whitaker present. Doug Franklin was absent.
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