Posted: Sep 10, 2013 11:51 AM by AP, PHOTO: MGN ONLINE
OBERLIN, La. (AP) - The Allen Parish School Board is facing a $356,061 general fund deficit in its $38 million operating budget for 2013-2014.
Finance Director Wilfred Bourne tells the American Press the figure is up slightly from the 2012-2013 deficit of $245,242.
Bourne says the main reason for the deficit is increased retirement rates and new salary schedule increases with no increase in state funding, he said.
Bourne said the board is taking a position of holding services at their current levels and absorbing the cost increase, but may have to make some adjustments in the future.
"From a sustainability standpoint we are better than most school boards because of things we have done in the past and the way we are operating in the future," Bourne said.
The board continues to work closely with principals to control maintenance and other costs, he said.
The budget includes anticipated revenues, expenditures and fund balances for the General Fund and all Special Revenue Funds.
Sales tax revenues - which provide 19 percent of the board's General Fund revenues - are budgeted at $340,000 less than the previous year due to the continuing overall state of the economy and recent national economic trends.