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.
Wednesday, October 24, 2007
DAYTON — 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.
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"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.


