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The district headed into the 2013 14 fiscal year anticipating deficit spending would be necessary to sustain the district's needs, and the song remains the same this summer.

Nike Air Vapormax Plus Release Date

Nike Air Vapormax Plus Release Date

Bloomington school district stems tide of another budget deficit

6.8 percent is federal funding and other sources, Zivkovich noted.

the expenditure projection of one year ago. Expenditures for 2013 14 were higher than forecast, however, meaning the 2014 15 projection is about $5 million higher than expenditures for the completed fiscal year, Zivkovich explained.

So why does the district's revenue continue to fall short of the cost of Bloomington's programs and services? The district's enrollment is decreasing, and with that the state funding the district receives also decreases. And funding the district receives from the state does not keep up with the inflationary costs of district expenses, Zivkovich explained.

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While the district set aside referendum revenue in anticipation of offsetting a general fund revenue shortfall, it's not a long term solution, should the district's finances continue down the same road. Considerations for budget reductions for the 2015 16 fiscal year are already being contemplated, according to Zivkovich.

$8 million dollar budget deficit would raise a red flag, but for the Bloomington School District, it's not quite the shock one might expect, and not a reason to push the panic button.

Nike Air Vapormax Plus Release Date

Nike Air Vapormax Plus Release Date

Nike Air Vapormax Plus Release Date

Of that increase, about $4 million is tied to inflationary increases while approximately $1 million is associated with the operating costs of providing all day kindergarten education to Bloomington students, a change the board approved in December.

The district's projected general fund revenues of $113.4 million are composed of state funding, taxpayer dollars, federal funding and other resources. State funding accounts for 71.4 percent of the projected revenues, 21.8 percent comes from taxpayer levies and Nike Vapormax Womens Triple Black

The general fund budget projects $121.9 million in expenditures, an increase of $6 million over Nike Vapormax Utility On Foot

Nike Air Vapormax Plus Release Date

Nike Air Vapormax Plus Release Date

Nike Air Vapormax Plus Release Date

Of the district's forecast general fund expenditures, $108 million 88.6 percent Nike Air Vapormax Plus Release Date funds classroom instruction and the programs that support the district's classrooms, Zivkovich said.

Nike Air Vapormax Plus Release Date

Nike Air Vapormax Plus Release Date

The district will again use its fund balance to make up the difference during the coming fiscal year, avoiding reductions in staffing or other services, according to Rod Zivkovich, the district's executive director of finance and support services.

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