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DAYTON CITY SCHOOLS

District will have to live with thin cash balances

Projected budgets going forward assume programs cut this year won't return, treasurer says.

Staff Writer

Wednesday, October 24, 2007

Dayton Public Schools, which started last year with $23 million in cash and a $190 million core budget, finished in June with just $827,000 in the bank, a thin margin of error that is not projected to change much.

On Tuesday, district Treasurer Stan Lucas presented a five-year financial forecast to the school board's finance committee that showed a continuing squeeze on the district's bottom line.

Extras

"For 2008 to 2112, we have a very closely aligned budget for revenues and expenditures," Lucas said.

The core budget for this school year — for operating the district's academic programs — reflects $23 million in cuts, coming in at $167 million. The district's total budget is down $31.7 million from the prior year after the May levy defeat.

Going forward, the forecast projects a balanced budget through 2112, but the district carries over as little as $1.2 million of the budget — 0.75 percent — in cash.

The projected budgets assume programs cut for this year will not return. That means a continuation of longer school days, larger class sizes and fewer extracurriculars, Lucas said.

It also means one-time adds back into this year's budget — such as high school bus service, adjunct arts faculty and middle school sports — will disappear for the next four years. Those cuts were restored this year after outside funds were raised to pay for them.

Only a levy can reverse all the cuts, Lucas said.

State law requires that the board pass the five-year forecast by month's end. It will meet Tuesday to vote on it, board President Yvonne Isaacs said.

Related: Scott Elliot blogs about schools and education

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