CPSB balances projected 2014-2015 budget - KPLC 7 News, Lake Charles, Louisiana

CPSB balances projected 2014-2015 budget

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(Source: Erica Bivens/KPLC) (Source: Erica Bivens/KPLC)
CALCASIEU PARISH, LA (KPLC) -

Coming into Tuesday's budget meeting, the Calcasieu Parish School Board was looking at a $10 million budget deficit for the 2014-2015 school year.

"You've already taken some steps for next year's budget, leaving us with a balance to reduce of $6,568,000," said Karl Bruchhaus, Chief Financial Officer for the CPSB.

Bruchhaus says by voting to consolidate Reynaud Middle School, along with other reductions, the board was able to take that $10 million deficit down to $6.5 million.

"We're now estimating that we're using $3 million out of general fund reserves to balance next year's budget," explained Bruchhaus.

Bruchhaus says that's in anticipation of a few things, including a 2.75 percent increase in MFP.

"Governor Jindal has put in his budget for next year MFP 2.75% growth factor. That will amount to $2,750,000," said Bruchhaus.

Even though board members approved the projected budget outlook for next year, which seems to be balanced, there's still a projected deficit for this year.

"The board adopted a budget revision tonight which is the second budget revision of the year. Typically, we do three. There is a current projected deficit for this current year of about $1.3 million," said Bruchhaus.

Bruchhaus says it's a small deficit projection for this time of year, but nonetheless, will have to be addressed.

He added that it's still a challenge to meet budget each year due to increasing benefit costs. In just the last five years, he says they've increased from $53 million to $70 million.

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