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BOND REFLECTS THE ONLY REAL CHANGE IN NEBO DISTRICT’S $93 MILLION BUDGET

SHARE BOND REFLECTS THE ONLY REAL CHANGE IN NEBO DISTRICT’S $93 MILLION BUDGET

The Nebo School District anticipates spending $5,446,165 less for its 1994-95 budget than it did in the 1993-94 year. The school board unanimously passed a proposed budget of $93,549,333 in its Wednesday meeting.

In actuality, the budget requests more money than last year's. The reason the numbers are a bit deceptive is because residents voted for a $30 million bond May 3, and that money was counted with this year's revised budget.The bond money will be used for building expansion and remodeling and is the result of a 4-mill property-tax increase approved by voters - the equivalent of $54.40 more each year on a $100,000 home.

The bond reflects the only real change in the budget from last year, said district business administrator Errol Smith. No changes were made in the way expenditures were formulated.

Most changes reflect extra money from federal and state grants, he said. For example, the state allocated the district $245,600 toward transportation costs that it doesn't need. That and other money will be "tweaked" into the appropriate areas of the general fund where it can be better used, Smith said.

The state provided 76.7 percent of the 1994 budget, Smith said, with local sources supplying 18.4 percent and the federal government 4.6 percent. Most of the money - 88.7 percent - went to salaries and fringe benefits while 2.2 percent paid for teaching supplies and 0.60 percent paid for textbooks.