The Affton School Board at its April 16 meeting reviewed a preliminary budget draft for the upcoming school year that indicates the district will be well in the black in 2019-20.
The budget, which is subject to change until it is voted on in June, calls for $37.17 million in revenues and $36.33 million in expenditures. Revenues are forecast to be up $1.7 million from the current fiscal year, while expenses are projected to dip $5,000.
District Finance Director Steve Fedchak reported that he has increased the outlook from current taxes by $1.4 million due to a roughly 22-percent increase in assessed property value in the district.
“The large increase in valuation will require the district to lower its tax rate, but will still result in increased revenue,” Fedchak reported.
Affton will receive about $225,000 more from the state funding formula and proceeds from Proposition C will add about $60,000. The federal school lunch program will contribute about $80,000 more in the next school year.
The effect of a number of staff retirements will lower district expenses by $350,000. Additionally, the district will not incur the one-time, lump-sum payments it paid out to the teachers’ union last year.
The board also discussed a prioritized, $1.68 million list of 20 capital projects for 2019, the chief of them being the abatement of asbestos tile and replacement of same at the high school. The project is expected to cost $150,000.
Next on the list is a $100,000, district-wide upgrade of digital marquees and signs. Remaining projects listed by priority include:
• District-wide window safety film, $100,000;
• Restrooms at Administrative Building, $40,000;
• Entrances and glass entry doors at Administrative Building, $25,000;
• District-wide asphalt replacement and sealing, $152,680;
• District-wide door replacement, $150,000;
• Playground parking at Early Childhood Center, $10,000;
• Roof repair over high school band room, $66,000;
• Windows at high school gym, $250,000;
• Family and Consumer Sciences upgrade at high school, $75,000;
• Resurfacing high school track, $300,000;
• Replacement of glass entry doors at high school gym/auditorium, $50,000.