Nevada district approves budget
The Nevada R-5 Board of Education voted unanimously during an early morning special meeting Friday to approve a $23.4 million budget for the 2014 fiscal year.
"A little less than 75 percent of that is for personnel," Dr. David Stephens, Nevada R-5 superintendent, told the board. "That's pretty consistent,"
The budget shows the district ending the 2014 fiscal year with a deficit of $36,075, which was expected and will be made up from the district's reserves.
He said the district will also end the 2014 fiscal year with a fund balance of 19.54 percent.
In other business, the board voted unanimously to amend the 2013 budget to reflect actual revenues and expenditures to close out the 2013 fiscal year.
Stephens told board members the money the district receives from the State Assessed Railroad and Utilities has increased to more than $600,000 and he expects to hear from the state auditor that the district will have to lower its tax assessment in August. The same occurred last year.
Stephens said it does not affect the amount of money the district receives, just where it comes from.
The board also voted unanimously to accept the sole bid from Texas Scenic for stage rigging, with an overall total bid of $516,885, which includes electrical work, for the performing arts center.
Stephens said Wes Morton will serve as the performing arts center manager handling scheduling for the center during the 2013-14 school year, in addition to his duties as choir instructor.