The Herald Bulletin

Morning Update

Local Education

August 14, 2013

ACS expects $1 million surplus in 2014

Board to vote on it next month

ANDERSON — Anderson Community Schools can once again expect a nearly $1 million surplus in 2014, according to projections given during the monthly ACS board meeting Tuesday evening.

"Well here it is, 2014," Chief Financial Officer Kevin Brown said in Anderson High School's auditorium. "It’s a little bit of a rerun from 2013."

ACS can expect a "slight to moderate increase in revenue for 2014" with factors like a steady enrollment, a slight tax rate increase after a previous year drop and a stable assessed value that "helps keep tax rates low."

ACS is predicting a revenue of $73 million and expense of $72 million in 2014, with a cash balance of nearly $12 million that includes carryover from previous years, Brown said.

He said that carryover will help with any unforeseen expenses or shortfalls.

"It's not unusual, not untypical," he said of the cash flow. "It's something we have needed for a long time."

Brown said the district is again looking at steadier enrollment with about 6,900 students this year, a slight increase from last year that has led to the reopening of Killbuck Elementary as a kindergarten extension and Southview Preschool Center.

He added that there was also a slight increase in staff with 843 full-time workers -- up from 828 last year. Support from the state is tied to enrollment as each district receives so much per student.

There is about $7 million in circuit breaker losses forecast by the Legislative Services Agency, though.

"It's an unfortunate reality we've had to deal with since that (law) was imposed," Brown said.

The next steps, he added, are to continue: partnerships in the community, marketing the school district to increase enrollment, to be efficient with facilities, to be responsible with marketplace needs — like the addition of a career center next year to deliver in demand skills to the community — and to intensify discussions with local legislatures.

Text Only
Local Education
  • Ritz, Glenda Ritz to speak at APA's Senior Girls Luncheon Indiana Superintendent of Public Instruction Glenda Ritz will be the guest speaker at Anderson Preparatory Academy's Senior Girls Luncheon on April 29.

    April 24, 2014 1 Photo

  • FEA HB0424 Frankton Prom Court 2014 Frankton prom court named The Frankton High School Prom Court has been selected for Saturday’s prom at The Factory, a community building owned and renovated by the First United Methodist Church of Frankton.

    April 23, 2014 1 Photo

  • Spotlight on the kids When pianist Nathan Cook started volunteering for the special education program at Anderson High School, he started mulling over ideas how he could do more to help.

    April 23, 2014

  • NWS - HB0423 - Symphony for Kids - JC 31a.jpg Symphony for Kids draws Anderson-area students

    Nearly 1,000 fifth- and sixth-grade students attended the Anderson Symphony Orchestra's performance Tuesday during the annual Symphony for Kids concert at the Paramount Theatre.

    April 22, 2014 1 Photo

  • Frankton school evacuated, no bomb found

    Students were back in classes at Frankton Jr./Sr. High School after a bomb threat forced an evacuation Tuesday morning. No explosive device was found.

    April 22, 2014

  • Students to get introduction to symphony Nearly 1,000 fifth- and sixth-grade Madison County students will be going to the Paramount Theatre Tuesday for the annual Symphony for Kids concert.

    April 22, 2014

  • Ellspermann, Susan Ellspermann to deliver AU commencement address Indiana Lt. Gov. Susan Ellspermann will address the Anderson University Class of 2014 during commencement exercises on Saturday, May 10.

    April 20, 2014 1 Photo

  • FEA HB0421 Silent Movie 2 Acting without words

    Nineteen area students will take a walk down the red carpet Tuesday evening as their film projects premiere at the Paramount Theatre during the WRC Silent Film Festival.

    April 20, 2014 2 Photos

  • 2014 Debutante Cotillion participants

    The 11 participants in this year’s Debutante Cotillion Beautillion Militaire were asked a variety of questions, including their influences, words that describe themselves and favorite “words to live by.” The event begins at 4 p.m. Saturday, April 26, at Madison Park Church of God, 6607 Providence Drive. Call Antoinette Davis at 620-2229 for tickets, which are $270 per table or $30 each.

    April 19, 2014

  • NWS-HB0419-IvyTech-JC2.JPG Work begins on new Ivy Tech facility

    Motorists driving on East 60th Street near Columbus Avenue will notice heavy machinery working in preparation for a new educational facility in Anderson.

    April 18, 2014 2 Photos

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide