We have heard from a number of you with regard to your tax bill going down. Thank you on behalf of the Royall School Board and staff. We would like to give you a small warning that we expect it to take a small tick back up next year due to a number of varying factors. However, we are also in line for an increase in revenue due to the increase in per pupil aid for 2018-19, so maybe not.
It should be noted that for the fourth year in a row we will not have to short term borrow. The District used to pay over $25,000 in interest annually for short-term borrowing. In the past four years we have been receiving approximately $8,000 in interest due to our stable fund balance. Our Fund Balance was $1.7 million June 30. This was after spending over $800,000 on our new elementary roof and our new High School Performance Center. Needless to say we are very proud of our progress and accomplishments.
For those of you that did not make it to the School Board’s annual tailgate party where we had a pretty specific financial handout and a presentation, I would also like to point out that we have accomplished and paid for close to $ 2 million in projects and equipment in the past seven years within our Fund 10 budget. We have applied for, received, and spent close to $3 million in grants, and $775,000 in donations. This is on top of our Energy Exemptions project that also totaled over $2 million. Lastly, I would to remind you that we have also invested over $1 million in our staff member’s HRAs. I know – it totals over $8 million and is almost mind boggling. We hope you are getting a grasp of why we are so proud. All that said, we want to thank you for your trust and patience as we deal with your second most prized possession after our children. Our administrative team and school board continue to make improvements in the areas of instruction, building and facilities and technology while staying focused on stabilizing our finances well into the future.
I have reserved Jan. 12, 11:30 a.m.– 12:30 p.m. for my next lunch with the superintendent. It is very simple - join me for lunch to discuss whatever topic you choose, such as budgeting, scheduling, staffing, or even politics. I would appreciate it if you called to let me know you were coming so we can plan for the appropriate space. I am also willing to come to you with information. Please give me a call and let me know where you would like to meet, when you would like me to attend, and what to prepare for and I will be there.
Mark Gruen, Superintendent
Royall School District