Due to increased tuition students last year, Danville ended FY17 with a surplus of $88,620, which is being used to keep taxes level in this budget.
Danville projects a remaining surplus of over $200,000 this year from additional tuition students, new health insurance plans, and new hire savings.
Some surplus funds were already spent on additional special ed staffing, new curriculum materials K-12 and updated furniture and technology school wide.
We propose to establish three funds to reserve the remaining surplus for future use:
- $150,000 for Capital Projects
- $50,000 for a “Mission and Vision” fund, where teachers can apply for project funding that directly relates to our Action Plan
- Remainder to a Special Education fund, to cover unanticipated costs