Annexation Benefits District
11:23 pm
Thu July 19, 2012

Clark County R-1 School Budget

One northeast Missouri school district will have a little more money to spend during the upcoming school year.

The Clark County R-1 School Board has signed off on the district’s $9.1-million budget. 

Superintendent Ritchie Kracht says the spending plan is balanced… with revenues slightly exceeding expenses.

He says annexing the Revere C-3 School District into Clark County has meant a $200,000 boost in assessed valuation as well as additional state aid.

He says the additional funding will be used to purchase two school buses and to pay for some building renovations.

Kracht says Clark County also benefitted from the state’s decision to balance out the funding formula for schools throughout Missouri. 

The state does not have enough money to fully fund education.

Kracht says that means Clark County will only receive about 91% of the aid it is in line for, but that he says that is better than earlier projections of 85%.

The state legislature did not take action on the funding formula this year.

The district’s budget adds two new teaching positions and boosts salaries for faculty and staff by roughly 3%.

Kracht says enrollment trends and state funding will greatly impact future Clark County budgets.