LIVINGSTON — The Livingston Parish school system expects it will have a current-year surplus of about $369,000 after finalizing its budget for the 2012-2013 school year.
The system’s original budget projected there would be a $2.8 million deficit and a revised budget projected a $1.4 million deficit, according to a draft of the system’s end-of-year budget.
The school system operated with a $3.76 million deficit in 2010-2011 and a $1.8 million surplus in 2011-2012, according to the end-of-year budget.
The school system collected about $180.5 million in total revenue in 2012-2013, about $150 million of which came from state funding. It disbursed roughly the same amount.
The system drew in $166 million in 2010-2011 and $174 million in 2011-2012, compared with expenditures of $170 million and $172 million.
Funding from state sources has increased from $140 million in 2010-2011 to $150 million this school year, the budget draft shows.
The School Board’s budget and goals committee unanimously approved a draft of the school system’s end-of-year budget presented at its meeting Tuesday.
The full board will vote to approve the end-of-year budget Thursday.
The committee did not discuss the 2013-14 budget on Tuesday.
The committee also discussed the following items Tuesday:
SALARY SCHEDULE APPROVED: The budget and goals committee also approved an updated salary schedule for teachers based on new laws passed during the 2012 legislative session.
Base teacher salaries will begin at $41,640 under the proposed schedule and will max out at $52,779, or the 26th step. The new schedule has 30 steps.
The updated schedule also calls for stipends for teachers based on their effectiveness rating — $300 for “highly effective,” $200 for “effective proficient” and $100 for “effective emerging.”
The full board will vote on the measure Thursday.
The law, known as Act 1, dictates salary schedules for public school teachers based on effectiveness, demand and experience, as well as dictating minimum requirements for teacher tenure, or job protection.
Superintendent John Watson said the school system is operating as if Act 1 will hold up in court.