Draft of school budget presented to board
by Franklin Clark, Reporter -- fclark@cadizrecord.com
Jan 30, 2013 | 7 7 recommendations | email to a friend | print
<i>Franklin Clark/Cadiz Record<p>
Trigg County School Superintendent Travis Hamby (above) explained the budget to the Trigg County Board of Education when they met Thursday night.</i>
Franklin Clark/Cadiz Record

Trigg County School Superintendent Travis Hamby (above) explained the budget to the Trigg County Board of Education when they met Thursday night.

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download FY 2014 Draft Budget Notes
The Trigg County Board of Education reviewed a draft budget for the 2013/2014 fiscal year, one that establishes $20,433,350 worth of revenue and expenditures, but there is still a lot of work to do before a final budget can be approved.

“It’s very early for this conversation. As you know, every year, there’s so many unknowns at this point,” said Trigg County School Superintendent Travis Hamby. “This is a draft budget, it’s something that we have to do prove that we’re beginning to have conversations around the upcoming school year.”

Hamby says there is a carry forward (contingency or rainy day fund) of $5,369,886, and that they expect to get $6,765,193 in SEEK (Support Education Excellence in Kentucky) money from the state.

He also says they’ve received $5,288,152 in impact aid revenue from 2009 up to the current fiscal year. This is the money they receive in lieu of the property taxes they would receive from federally owned lands if they locally owned, in this case Land Between the Lakes and Fort Campbell. Of that, they’ve spent $2,027,161, and of what they have left, $2,476,315 is restricted.

For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.
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