The Morenci Area Schools financial situation is holding steady despite some increasing costs, reported superintendent Mike McAran.
Board of education members learned at the April 15 meeting that the district is about $86,000 in the red for the fiscal year that ends in June. This will require a transfer of money from the fund equity which is expected to stand at $250,000 when the new year begins in July.
The deficit isn't that bad considering the extra cost of natural gas used for heating over the winter, McAran said. Heating costs were about $31,000 more than the previous year.
Transportation costs went up when a recent practice of self-transportation for athletes to games was ended. McAran didn't approve of allowing students to drive themselves and others to and from games, and that decision cost an additional $15,000.
The district bought a new van to transport a special education student and the district will not be reimbursed for the expense.
The food service fund balance started the year at $136,000 and should finish at about $98,000. Expenses included a new stove, hot water heater and stainless steel countertops at the elementary school. Some revenue will be lost when the canceled days are made up in June because the senior class members will no longer be in school.
The remaining cash from the 2008 bond is now all spent on various capital projects.
COACHES—Jim Yatzek and Michelle Reinke will serve as middle school track coaches. Drew Lester is assisting the baseball team as a volunteer coach and Roger Stover has volunteered to serve as a golf coach. The golf team now has four members.