Portage college board approves 2021-22 price range

PORTAGE, MI — The Portage General public Colleges Board of Schooling permitted the finances for the 2021-22 school calendar year at a meeting Monday, June 28.

The district is predicting a spending budget deficit of about $718,175, Director of Finance Paula Johnson stated through the meeting. The district also anticipates ending next college 12 months with a fund stability of 9.89%, she mentioned.

Portage and other Michigan college districts obtain dollars from the state based mostly on the number of learners enrolled and a but-to-be-determined for each-pupil amount. Primarily based on modern point out proposals, Portage college leaders foresee an raise in the for each-pupil greenback figure.

But, district officers also foresee an enrollment decrease of 167 pupils, compared to the 2019-20 faculty 12 months, Johnson reported.

The coronavirus pandemic set the district’s funds in uncharted territory as condition funding reduced and revenues fell. But, in August of final 12 months, the district reinstated formerly laid off teachers and restarted systems as a final result of a improved spending plan outlook from the condition.

The 2020-21 fiscal yr is predicted to conclude this month with a far more than $630,000 spending budget surplus and larger-than-predicted fund stability,

The district’s common fund revenues are anticipated to exceed expenses by about $637,305, she stated. The projected fund stability as a percentage of expenses is 10.32%, which is larger than predicted in February, she reported.

A different not known likely into the 2021-22 fiscal 12 months is the ask for to voters for a $175 million bond to exchange five elementary colleges. The proposal will request voters at the future Aug. 3 election for funds to substitute five elementary universities with new structures, rework a different and assistance buses and engineering investments.

The request is to change Amberly, Angling, Central, Haverhill and Woodland elementary colleges, which had been all designed in the 1960s. It also features designs to renovate Moorsbridge Elementary. All 5 of the freshly created elementary schools would be created on those people schools’ recent sites.

If approved by voters, the bond would not increase the millage amount. But if voters reject the bond, the millage price for citizens will lower from 6.85 mills to 5.37 mills, in accordance to the financial debt retirement fund finances projection for 2021-22.

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