Unit 2 Budget

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The Bond County Community Unit 2 Board of Education met Monday night and approved a fiscal year 2017 budget.

The budget contains four deficit funds, anticipated to have more expenditures than revenues for the year.

Superintendent Wes Olson said the budget is still much better than had been feared a few months ago.

The district has brought in additional revenue from several sources. Olson said the district is, however, still projecting a slight deficit budget at this point.

Click below to hear his comments:

The anticipated deficits include $107,027 in the education fund, $72,070 in the operations and maintenance fund, $81,864 in the transportation fund, and $68,770 in the fire prevention and safety fund.

That totals $329,731.

Overall expenditures in the district are lower than the FY16 budget.

Olson said the district has added $125,000 for textbooks, $8,600 for athletic supplies, and $22,000 for bus parts due to an aging fleet.

The budget does not include any possible salary increases for administrators.

The new facilities sales tax is expected to bring in about $500,000. It has been included in the capitol projects fund with no specific facilities projects planned at this time.

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