MOUNT VERNON — Meeting in special session on Monday, the Mount Vernon Board of Education received preliminary information regarding the latest five-year financial forecast. Treasurer Judy Stahl-Reynolds explained what is taken into consideration when preparing the forecast, such as historical data, enrollment, state and federal contributions to the general fund and expenses. Due to the cost containment measures taken in the past few years, she said, for the first time since at least 2008, the district is spending less on operations than it is taking in. It will vote to approve or disapprove the forecast at its Oct. 21 regular meeting.
The board also discussed the upcoming ballot issue to renew the zero tax increase permanent improvement levy. The district has 10 buildings and 19 school buses to maintain, as well as other vehicles. Permanent improvement funds are also used to purchase items with a useful life of more than five years, such as computers and textbooks. PI funds cannot be used for daily operations, salaries or benefits.
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