District officials talking preliminary budget numbers

Superintendent Dr. Tim Hadfield reported preliminary budget notes at Monday night’s Camdenton R-III board meeting. The district is facing an increase to receipt revenue by $1,731,318 and a decrease in expenditures by -$124,397. The revenue increase comes mainly from the 10 cent increase in the levy rate, as the district property tax levy now sits at $2.97 overall, including debt service. This is also due to a mixture of staff and supply cuts throughout the district. Hadfield says there was also a modest increase in assessed valuation assumed in the budget.

As for a breakdown of where the revenue is coming from, from the 2017-18 year to the projected 2018-19 school year, operating receipts will increase $1,224,366, teacher receipts will increase $413,21, debt service receipts will increase $33,125, and capital project receipts will increase $60,616, coming to a total increased value of $1,731,318. These totals may shift when the official budget is posted. 

Hadfield says that this revenue increase will have two main uses throughout the district. He says one of the main goals he has for staff is to be able to pay them within the top 10 percent of districts in the state of Missouri. 

“The district must continue to be vigilant in recruiting and retaining the best educators for our students,” Hadfield said.  

The second area in question would be to keep facilities up-to-date in order to provide a quality learning environment for the students. This included multiple projects that have been laid out by the board, including a new boiler, switching to a natural gas converter to save on energy costs, and updating the fire suppression system within multiple district buildings. 

Hadfield says, at this point, the district is not aware of major changes regarding funding at the state level.  One area within the budget that he sees positive change is regarding Proposition C funding, a sales tax collected state-wide.  However, Hadfield says they are expecting rather stagnant growth in other areas of state funding, such as transportation and the funding formula.