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Pettisville Schools End Year In Black



The Pettisville Local School District will end the 2012-13 fiscal year in the black, but expenditures will begin exceeding revenues beginning in 2013-14.

The district school board approved the five-year forecast submitted by Chris Lee, district treasurer, at its Monday, May 13 meeting.

The forecast shows Pettisville ending this fiscal year with a slightly positive cash flow, although Lee said it is possible last-minute bills could deplete the predicted $18,000 surplus of revenue over expenditures.

The plan shows the district with a cash balance of just over $1.2 million at the end of the current fiscal year.

Deficit Spending

But the forecast has district expenditures exceeding revenues beginning in 2014, and reducing the cash balance every year until 2017 when it would be at $671,000.

Lee told the board in developing the estimates, he kept revenue from the income tax flat and did the same for base salaries.

He predicted an increase in health care costs, but he said new information Monday afternoon indicated he may have underestimated the insurance premium increases.

“The big question is state aid,” Lee said.

“We don’t know yet what is going to happen there.”

House For Sale

The board authorized the district to take the first steps to sell the house and property the school owns across from the school on Summit Street.

The home and double lot were purchased in 1998 for possible use in the school facilities plans.

The district paid $75,000 for the property, and has since used it for storage. It was rented for a construction office during the building project.

Now, school officials do not see a future need for the property.

The board approved selling the home with a minimum bid set to be at least 85% of the current appraised value of the property.

The property was recently appraised at $63,500.

Busses

The board moved to authorize bidding for a new school bus.

The newest bus in the fleet is a 2009 model.

In a cost-saving measure, the district reduced the number of bus routes from seven to five, and was able to delay purchasing a new bus.

Switzer told the board that the district plans to trade two older busses on the purchase of one new 84- passenger bus.–D.J. Neuenschwander



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