Pattonville board approved budget for 2020-2021

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The Pattonville Board of Education on June 9 approved a $100 million operating budget for the 2020-2021 school year.

For the first time in seven years, the district will likely have a net deficit of $1.4 million due to lower than anticipated revenues resulting from COVID-19 impacts on the economy. The deficit will be offset by one-time federal relief funds from the CARES (Coronavirus Aid, Relief and Economic Security) Act and savings in the 2019-2020 budget that will be placed in the district’s reserves. The majority of the deficit is due to state revenues that have declined sharply during the COVID-19 pandemic. In addition, investment income is declining due to drops in current interest rates, and reduced income is anticipated from Pattonville programs that depend on student participation, such as preschool and food service.

“We are being cautious in our budgeting due to the uncertainty surrounding the financial impact of the COVID-19 pandemic,” said Ron Orr, chief financial officer. “We will closely monitor the situation throughout the year and remain conservative in our expenditures as we focus on meeting our students’ needs during what is sure to be an usual school year.”

The 2020-2021 budget was established based on several factors:

Find out more.

View Pattonville’s budget document at bit.ly/PSDbudget20-21.

2020
BOE
Budget