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St. Landry Parish School Superintendent Patrick Jenkins, left, and School Board President Candy Gerace at an Aug. 27 committee meeting in Opelousas. (Photo by Harlan Kirgan)

School Board ends year with break even budget

About 30 days ago it looked as if the St. Landry Parish School Board would finish its 2017-2018 budget year eroding its fund balance.
But the school’s budget will come in $40,000 to the plus side and its fund balance remains in its target zone.
Tressa Miller, finance director, delivered that report to the Board’s Finance Committee on Aug. 27.
“Fortunately, we have some good news to report,” Miller said. “We went through our year end adjustments and there was some additional revenues accrued.
Revenues were budgeted at $102.2 million and came in at $104.5 million.
End-of-the-budget revenues that helped tip the budget into the black were $500,000 in property taxes, $600,000 in sales taxes and state funding rose from a budgeted $75.9 million to $77 million.
At the July meeting, the actual numbers pointed to a $2.1 billion loss in the general fund. The budget had projected a loss of $1.7 million for the fiscal year that ended June 30.
The balance sheet is showing a $8.95 million unassigned balance in the general fund. The targeted general fund is $7.7 million, which is 7.5 percent of budget revenue. The $7.7 million is minimum recommended by school district’s auditor.
A fund that is used to supplement teacher pay, totaled $4.2 million and has a target balance of $2.6 million.
Superintendent Patrick Jenkins reported enollment was at 13,635.

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