The Board of School Directors of the Pine-Richland School District adopted a Preliminary General Fund Budget for 2014-2015 school year on Feb. 10, 2014 during the board meeting. The preliminary general fund budget (PDE-2028) includes total expenditures of $72,968,255 and total revenues of $72,465,291 with assigned fund balance utilization of $502,964.
This budget reflects a millage increase which represents a 4% increase in real estate taxes. This does not reflect the district's final budget or millage rate which will be approved on June 9, 2014. By adopting this budget, the school board is requesting the ability to file for exceptions from the Act 1 index. The business office will begin calculations on exceptions upon approval of this preliminary budget and be prepared to submit those items under the Act 1 guidelines prior to March 6, 2014.
Exceptions filed will be posted on the district website for public review. Currently, there many unknown costs and revenue projections to accurately present the final budget. We are committed to present a responsible budget for the school district. The administration will provide updates to both the Board of Directors and the public as they become available.