BATH TWP. – As is routine at the end of the fiscal year, the Revere Board of Education unanimously approved both the final appropriations of $51,914,126 for the fiscal year ending June 30, as well as temporary appropriations for the first quarter of this next fiscal year.
The $51 million amount is a total of all funds in the district, such as the capital improvement fund and special governmental funds. It is also reflective of transfers between various fund accounts, according to Treasurer and Chief Financial Officer Dave Forrest. The General Fund, through which the district generally categorizes its operating monies in areas such as instruction, transportation, pupil and staff support, etc., showed a balance of $36,434,830.
“Overall, we met our goals financially, and we are putting money aside to plan for future expenditures,” Forrest told the board.
The board also approved the temporary budget for the 2013-14 school year at almost $13 million. This is 25 percent of last year’s budget, which is the standard amount permitted by Ohio law in these cases. It is also what Forrest said would get the district up and running as of July 1, the start of the district’s next fiscal year.