Fewer students means less revenue for R-3

By: 
DELEVAN OGLE FOR THE DAILY RECORD

The Lebanon R-3 School District sees some loss in revenue on the horizon as student-enrollment numbers are in a declining trend.
District Chief Financial Officer Adam Dameron reported to the board Tuesday night about revenues stemming from student enrollment, costs of big-ticket items such as employee health care and the work ahead to help keep the district financially sound into the future.
In light of various challenges projected, the district has formed various committees wrestling with budgets, benefits and salaries among other fiscal issues.
Dameron said enrollment is down 169 students from four years ago, and this affects funding negatively since funding from non-local sources, like the federal government, is tied to ADA (Average Daily Attendance).
He also said the total projected revenue from local sources will increase $100,978 from this school year to next year, 2018-19. However, local sources represent less than half of district revenue: $4 out of every $10.

For the complete article, see Thursday's print edition of The Daily Record, or view the e-Edition online.

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The Lebanon Daily Record

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