St. Clair R-XIII School District’s capital projects budget has increased by several hundred thousand dollars over the last couple of years, according to Superintendent Kyle Kruse.
During his presentation of the Annual Secretary of the Board Report at Thursday’s meeting, Kruse said the capital projects fund has increased close to $607,000 from the 2015-2016 school year to the 2016-2017 school year.
The capital fund balance is currently at $1,457,209.54.
“A lot of that is due to the Prop KIDS tax revenues that the board directed to be put into capital projects specifically to catch up on fixes and repairs,” Kruse said.
He added that the board also did not spend part of the capital projects budget last year.
“Some projects had been completed by the end of the prior year, so those dollars were in the budget, but were not required to be spent.”
The Proposition Keep Improving District Schools, or Prop KIDS, was a 45-cent tax increase approved by 53 percent of votes last August.
“We are fiscally stable and we’ll do some things both in capital projects and for salaries over the next 12 to 18 months,” Kruse said.
Kruse also noted that the district’s reserves increased to 18.73 percent over last school year, which is a 2 percent increase.
“The board has discussed being around 20 percent in reserves and we should be able to make that in the not too distant future.
“We’ll continue managing the monies carefully and as usual we would project revenues low and expenses high,” Kruse said.
Also during the meeting, all board members voted in favor to issue a couple of requests for proposals.
One RFP approved is for the replacement of the retaining wall between the track and softball field. The other RFP is for asphalt repairs to the student parking lot across from Edgar Murray Elementary and the bus loading zone at St. Clair Elementary.