State gives HUSD $560,000 more in growth money
The Arizona Department of Education recalculated its 2006-2007 school year sudden growth money and the local school district will benefit by more than a half-million dollars.
On Tuesday evening, the Humboldt Unified School District approved a revision to the FY 2007-2008 budget to reflect an additional $559,130 in sudden growth money from the State.
HUSD Financial Director Cynthia Windham said three factors are responsible for the district's budget revision.
"There was an increase in student growth, an increase in the transportation revenue control limit, and an increase in budget balance carry over," she said.
Districts usually revise their budgets in May, but they can do so at other times throughout the year, Windham said.
"We were able to increase our budget because of reports we received from ADE where a programming change there caused them to recalculate their figures," she said.
The board revised the budget upward with an increase of $521,176 for the M&O budget, $19,135 for the Unrestricted Capital budget, and $18,819 for the Soft Capital Allocation.
Most revisions take place in May after the 100-day count reports are in. Windham said ADE made its recalculations between May and June, which made a second revision necessary to the district's budget.
She acknowledged that student enrollment has slowed down. The budget revision in May 2006 (for the 2005-2006 school year) was about $1.6 million. The total growth figure for 2006-2007 is $901,000.
The board unanimously approved the budget revision. Although Rich Adler and Bruce Jaeger were not present at Tuesday's meeting, "I'm sure they wouldn't turn away additional dollars," Windham said.