The Knoxville School District 202 heard some encouraging words regarding the financial stability of the district at last night’s meeting.
Superintendent Steve Wilder presented a tentative budget for the fiscal year 2020, where he was projecting an over $2.3 million surplus.
Revenues are expected to be around $13,848,331 while expenditures are projected to be $11,535,889.
He said that the larger surplus was actually the early property tax money they had budgeted for last year but received late — in the new fiscal year.
Wilder said that even if the early tax money was taken out of the budget, the district would see a much smaller surplus.
“I would hope by the fiscal year, we’ve got a little bit more of a surplus than that. My goal when I’m building a budget is to underestimate the revenue a little bit and overestimate the expenditures just a little bit. We’ll see how things shake out as the school year goes but I am projecting a surplus of [$75,059]”
Wilder added he expects to tweak the budget a little before presenting it to the board again in September.