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AMID COMPLAINTS OF LACK OF BOOK FUNDS PSS has $350,000 unused money
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Posted on Aug 16 1999
Education officials and school administrators keep crying about lack of money to purchase textbooks. It turned out that the Public School System has $350,000 in book funds which are sitting in its coffers, still unobligated.
“The money is still there; but there may be some purchase contracts that are still being processed by the Procurement and Supply,” said Bill Matson, PSS budget officer.
A source at PSS said the discovery of this money has prompted the Board of Education to abandon the proposal to charge public school students for the use of books loaned to them by their schools.
But despite the existence of unused money for books and other services, Matson said PSS is facing a deficit of $160,000 in payroll.
Matson reported the financial state of PSS at the board meeting Friday.
Matson told the board that PSS has a balance of $1.4 million in operations funds for the current fiscal year.
Of the $34.7 million budget for personnel, Matson said PSS has spent a total of $28.52 million, with a remaining balance of $6.15 million.
“With 4.4 pay periods to fund the current payroll costs $1,120,000 will require $4.9 million, which allows $1.2 million for additional payroll costs,” Matson said.
“Technically the operating funds may be used to address the deficit in payroll,” Matson said.
Aside from unobligated money for books, Matson said PSS has a total of $40,000 “in other object codes to spend in the next six weeks with that $125,000 of that in fuel.”
The operations money already committed include funds for professional services amounting to $168,000; office rental, $151,000; supplies, $330,000; and repair and maintenance $150,000. (MCM)
