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<br />meet the growing school budget. The situation as to available revenues <br /> <br />against expenditures in the coming year for the city has already been out- <br /> <br />lined in some detail. The school operating budget, as reduced, and as <br /> <br />herein proposed, and on which the submitted 1959-60 city budget is based, <br /> <br />is according to the following: <br /> <br />School proposed 1959-60 <br />Less reduction <br />New operating budget <br /> <br />$1, 181, 540.00 <br />6,350.00 <br />$1,175,190.00 <br /> <br />Adopted operating 1958- 59 <br />New inc reas e <br />Offset of additional state funds <br />Net increase operating cost to city $ <br /> <br />1,096,964.06 <br />$ 78,225.94 <br />34,642.34 <br />43,583.60 <br /> <br />This deduction reduces the total school budget to $1,603,375.50. <br /> <br />In their budget pres entation, school authorities cited the possibility of <br /> <br />securing in the coming year Federal monies, approximating $13,000, for <br /> <br />special purposes. This has not been included in this budget as it is under- <br /> <br />stood that, if received, it would be offset by additional expenditures of <br /> <br />corresponding amount. It is felt that if the money is secured City Council <br /> <br />could better, at that time, be approached for appropriate budget adjustments. <br /> <br />The budget, as submitted by the schools for the textbook fund for 1959-60, <br /> <br />indicated an exces s of revenue over expenditures. A s this is a self- <br /> <br />contained fund and any increase would not actually reflect to the credit of <br /> <br />the remainder of the city budget, and as it has within itself operated at a <br /> <br />deficit for several years, it was adjudged best for budgetary purposes for <br /> <br />1959-60 to balance the revenue even with the expenditures. Shown also in <br /> <br />the final pages of this memorandum is the alternate budget of the School <br /> <br />- 13 - <br />