Closing the books on the 2012-13 fiscal year, the El Dorado Union High School District finds itself with a $12.6 million General Fund balance, which is $1.1 million less than its fund balance in the prior year. For the fiscal year 2013-14 the district is predicting a fund balance of $13 million.
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The unaudited financial update pegs this reserve for “economic uncertainty” at 3 percent. Total expenditures for 2012-13 were $54.9 million. For 2013-14 the district has budgeted $56.3 million, a 2.5 percent increase.
Last fiscal year salaries and benefits for certificated and classified employees totaled $45.4 million. For 2013-14, those three items totaled $45.37 million. Certificated employee expenses rose 0.3 percent. Classified employee expenses decreased 1.1 percent and employee benefits declined 0.5 percent.
Last year the district spent $3.8 million on capital outlays. This year it plans to spend $11.26 million, with $10.2 million of that going to buildings and building improvements.
It’s not the clearest budget document, but the nickel summary is that the district’s finances are in good order and its carryover fund balance shows it is being careful with the taxpayers’ money. The fund balance always works out to be a little more than originally forecast, which indicates conservative budgeting.
And for the money, the teenagers of this county are getting a very good education, as reflected in positive test scores and the increasing number of students taking and passing Advanced Placement courses.