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Final budget reveals significant funding shifts for schools

October 14, 2024 | CHICKASHA, School Districts, Oklahoma


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Final budget reveals significant funding shifts for schools
During a recent meeting, the Chickasha Public Schools Board of Education reviewed and approved the final budget for the fiscal year 2025, which reflects a slight increase in expenses primarily due to rising utility and insurance costs. The budget incorporates the last of the ESSER funds, with approximately $226,000 remaining to be spent by September. The district is returning to the state funding formula after being off it for two years, which is expected to positively impact state aid revenues.

The board noted a projected increase in state aid from $8 million last year to an anticipated $9 million this year. Despite the absence of ESSER funds, overall federal revenues are maintaining, with special education funding slightly up and Title funding down. The building fund is reported to be in a healthy state, bolstered by new funding sources, increasing its balance from $168,000 three years ago to approximately $1 million now.

In addition to the budget discussions, the board approved a Memorandum of Understanding (MOU) to extend the workdays for the high school principal from 220 to 238 days, allowing for 10 paid vacation days. This change aims to better align the principal's responsibilities with the year-round nature of the role.

Another MOU was approved to address the increased length of the student school day without a corresponding increase in teacher work hours. This agreement allows for additional compensation for teachers who take on extra duties, with a prorated payment of $300 for the first semester and $600 for subsequent semesters. The principals will assess their needs and determine how many teachers will be required for these additional responsibilities.

The board's decisions reflect a commitment to maintaining financial stability while addressing the operational needs of the district and its staff.

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Scribe from Workplace AI
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