Alan Bennett, director of fiscal services for the , offered a 2012-2013 budget overview projection to school board members at their Monday night meeting.
Board members will take action on the budget at a later meeting. Some highlights from the preliminary budget presentation:
Estimated 2012-2013 revenue: $60,209,246
Estimated expenditures: $62,261,649, including $400,000 for contingencies
End-of-year fund balance: $7,119,216
Projected amount needed to be cut to balance the budget without increasing taxes: $1,652,403, exclusive of the $400,000 budgeted for contingencies
Amount of money budgeted for Pennsylvania State Employees' Retirement System: $3,230,039, up from $2,183,010 in the previous year's budget.