CS board finalizes budget
Even though the Center-Stanton Public Schools board reduced the deficit in its 2014-2015 budget by approximately 35,000, the district will still be spending around $213,000 more than it expects to earn in income. As CSPS Superintendent Curt Pierce explained during the August board meeting, the expenditure is to help the district prepare for compliance with reserve fund limits enacted by the state legislature. Districts that do not comply will be penalized by a loss of state aid funds equal to the amount by which reserve funds exceed the cap.
“This will help the district go from a 42 percent reserve to about a 38 percent reserve,” Pierce said. “We need to be down to 35 percent by 2017.”