Final North Nodaway Balance Sheet Shows $476,476 Surplus

The final North Nodaway balance sheet for the 2022-23 school year showed a $476,476 surplus. The school started with a beginning balance of $2,111,313.09. Revenues were $7,013,332.91. This includes money that was disbursed for the bond project. Expenses were $4,893,856.89. Carryover expenses for the bond projects totaled $1,643,000. This is debt service money that was budgeted for 2022-23 that will be paid in the upcoming school year. That left the school with an ending balance of $2,587,789.11 for Friday, June 30th.

Total local revenues for the previous school year, including the bond money, were $4,829,528.78. County revenues were $208,028.33. State revenues were $1,493,081.07. Federal revenues were $482,694.73. 

Expenses for the upcoming school year included $1,845,318 for administration, $17,850 for attendance, $95,340 for guidance, $17,250 for professional development, $99,820 for media services, $35,476 for health services, $255,126 for building administration, $278,761 for executive administration, $338,350 for the operation of the plant, $153,195 in transportation costs, $250,862 for food service, $76,065 for community services, $21,000 for facilities acquisition and construction, and $155,700 for debt service. Total expenses were projected to be $3,631,113 for a projected surplus of $204,728.

For the 2023-24 budget, which was approved by the North Nodaway school board unanimously at their special meeting Friday, local revenues were projected to be $1,952,640. County revenues were projected to be $195,500, state revenues at $1,413,365, and federal revenues at $274,296 for a total of $3,835,841.

Expenses for the upcoming school year included $1,845,318 for administration, $17,850 for attendance, $95,340 for guidance, $17,250 for professional development, $99,820 for media services, $35,476 for health services, $255,126 for building administration, $278,761 for executive administration, $338,350 for the operation of the plant, $153,195 in transportation costs, $250,862 for food service, $76,065 for community services, $21,000 for facilities acquisition and construction, and $155,700 for debt service. Total expenses were projected to be $3,631,113 for a projected surplus of $204,728.

The expenses include $2.28 million for salaries and benefits for 49 total employees. The school employs 3 administrators, 22 teachers, 1 part-time teacher and A+ coordinator, 1 librarian, 5 paraprofessionals, 1 preschool aide, 1 guidance counselor, 1 superintendent secretary, 2 building secretaries, 1 nurse, 1 lead cook, two assistant cooks, 1 maintenance supervisor, 2 custodians, 4 bus drivers, and 1 technology coordinator. 

The district must meet certain state salary compliance requirements. Revenues were budgeted by spending at least 75% of formula money (excluding Classroom Trust Fund monies), 75% of half of Proposition C money, and as many dollars per weighted ADA from local and county tax as the previous years. 

The budget assumes adjusted assessed valuation going up 2%, collection rate of current taxes at 95%, the present tax rate of $4.6505 per $100 of assessed valuation, an average daily attendance rate of 198.73 students, and $548 per month towards health insurance for all employees and $2.10 per month for $15,000 term life insurance for all employees. 

On Friday, Governor Mike Parson signed the budget bill including a $38,000 baseline salary grant for all teachers; this time, no local match is required. Certified teachers under $38,000 after their steps get a 13th payment as part of the Missouri Baseline Grant. 

The 2022-23 revenues and expenses include the new doors for the high school, bleachers, air conditioning, and electrical projects. Next year’s budget includes epoxy, furniture, and textbooks.

The wind farm money has been generating around $600,000 a year for the school district, meaning that had it not been there, the school would have been deficit spending. Consequently, the school has been building up reserves in the event that the wind farm money is either reduced or goes away sometime down the road. Before the wind farm became operational a few years ago, the school had been down to $1.2 million in reserves.

In other action Friday, the board voted to set elementary breakfast prices to $2 for students and $2.60 for adults. Lunch prices will be $3.10 for elementary, $3.30 for middle and high school students, and the adult price will follow the USDA recommendation. Students on reduced prices will be 30 cents for breakfast and 40 cents for lunch. Extra milk will be 40 cents, seconds $2, a chef salad will be the adult price, sides $1.15, and orange juice 55 cents.

The board voted to purchase security equipment for the building additions for the high school and elementary from Superior Fire & Security from St. Joseph. The cost will be $5,049 for the high school and $4,830 for the elementary.

The school received four bids for epoxy work around the school, including the gym floor, both locker rooms with a 4” cove base, the cafeteria, both storage rooms, the hallway, bathrooms, and the food service supervisor’s office. DS Painting bid $42,350.30. Alley Galleria and A&G Floor Coatings bid $37,050. Froschl Floors bid $57,492. Concrete Revival bid $49,100. The board voted to accept the low bid from Alley Galleria and A&G Floor Coatings.

The school received two bids to provide furniture for two superintendents offices, two principals offices, two secretaries offices, two counselor offices, a board room, and a bookkeepers’ office. Maryville Typewriter Exchange bid $24,244.21, while Scott Rice Office Works bid $30,622.47. The board voted to accept the low bidder, Maryville Typewriter.