Unit One board hears details about financial projection
by Michele Longoworth, Planet Reporter
Feb 29, 2012 | 1182 views | 0 0 comments | 17 17 recommendations | email to a friend | print
Massac Unit One school board members got a glimpse of the district's financial future for the next five years during a presentation given by Greg Kubitz, senior financial advisor for PMA Financial Planning Program at Monday night's board meeting.

Kubitz said the five-year projection of the district's revenue and expenditures is based on previous years' audited financial reports, the 2012 budget, tax levy, extensions and maximum tax rates, equalized assessed valuation, enrollment, staffing ratios, compensation and benefits and district assumptions.

According to Kubitz, the projection indicates a flat equalized assessed valuation as well as flat general state aid over the next three years. He also noted the revenue from the federal level is starting to mimic what's being seen in the state of Illinois.

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