Cambridge school district projects surplus

Posted Online: July 22, 2014, 12:01 am
Comment on this story | Print this story | Email this story
By Lisa Hammer,
CAMBRIDGE -- The Cambridge school district is projecting a $146,432 surplus for the 2014-15 fiscal year.

Total revenue is projected at $5,144,259, with total spending at $4,997,827. The budget was calculated based on the assumption the state will prorate general state aid at 88 percent.

A $76,443 surplus is projected in the education fund which covers teachers' salaries. Projected education fund revenue is $3,775,141 and spending is $3,698,698.

The budget projects zero spending of funds flowing in from the special sales tax to finance school building porjects. Superintendent Tom Akers said Monday the district is waiting to see what the revenue will be since it came in slower than anticipated to begin with.

One of the building projects under consideration to be paid for with the sales tax was the resurfacing of the high school parking lot, which was done this summer without sales tax proceeds. Originally estimated to cost $200,000, the county highway department did the work for a total cost of $28,000, according to Mr. Akers. The school district received a $50,000 maintenance grant for the work.

Last year, the district projected a $37,093 surplus on total revenue of $5,086,628. The final surplus was $266,097 on total revenue of $5,148,569 which included a $90,000 in maintenance grants. Spending was four percent under the budgeted amounts.

A public hearing on the budget will be held at 7 p.m. Aug. 21.

The board also:

-- Certified Rt. 81 represents a safety hazard, enabling the district to receive transportation aid for busing students north of the highway.

-- Set a special 7 p.m. July 31 meeting to hire a high school English teacher to replace Joe DeGeorge, who recently resigned.

--Finalized policy allowing children who are five years old on or before Sept. 1 to enter kindergarten without administrative review of their readiness.


Local events heading

  Today is Wednesday, Oct. 1, the 274th day of 2014. There are 91 days left in the year.

1864 -- 150 years ago: It is rumored in the streets that the 13 negroes sent to Quincy on the Moline quota were refused. We think this must be a mistake.
1889 -- 125 years ago: Harvey McKenna, of Detroit, billiard player matched to play Wizard Schafer in New York in January for the world championship, was a professional friend and manager, Billy Catton in Rock Island.
1914 -- 100 years ago: Levi Cralle, former Rock Island county sheriff, had come from his farm near Mitchell, S.D. to visit friends in the city.
1939 -- 75 years ago: Work is being rushed on the new high school building in Orion to replace the one destroyed by fire last winter. Classes are being held in churches.
1964 -- 50 years ago: Rehearsals for the 84th season of the Handel Oratorio Society chorus will begin at 7:30 p.m. Monday on the stage of Centennial Hall, Augustana College.
1989 -- 25 years ago: The Rock Island City Council's plan announced this week to have the federal government vacate Valley Homes public housing and move residents to Arsenal Courts to reduce density may not be feasible.

(More History)