Lopez Address To The Liberty School Board 11/18
"We are gold ribbon schools not because of our phones or textbooks but because we have a gold ribbon faculty"
Mr. Fallows
"Mr. Pennington"
How Does a Public School Make a Profit?
Each year the school district receives funding from the state for the purpose of providing an education to the students in our community.
While the district is required to have a modest reserve, our school district's reserves are in excess of $10,000,000 and it is expected to grow by another $2,000,,000 plus in the current school year.
The actual "surplus" funds over the past several years is actually at least $6,000,000 greater because the district has shifted this amount from the reserves into capital accounts.
Since our district does not generate income, the only way that the district can be building up the reserves is by not spending the funds provided by the state. In other words by siphoning funds from our operations.
During recent years of "famine" where budgets were tighter and our funding from the state was significantly reduced, the district asked the teachers to accept reduced compensation so as to avoid cuts to various student programs.
"It is the workers bees that make the honey, that control production"
Hillary Pedrotti, LEA President
Year Revenue Expenses "Other" Ending Reserve as % Profit/ (Loss)
2005 $35,877,829 $35,599,271 ($599,503) $1,822,995 5.1% ($320,945)
2006 41,226,341 40,867,603 (86,563) 2,095,170 5.1% 272,175
2007 51,744,204 48,829,757 (1,303,461) 3,706,156 7.2% 1,610,986
2008 53,408,838 52,248,128 (814,643) 4,052,223 7.6% 346,067
2009 56,110,844 53,213,690 255,029 7,204,406 12.8% 3,152,183
2010 51,044,670 52,259,649 (1,112,470) 5,353,435 10.5% (1,850,971)
2011 55,037,910 51,796,070 (1,160,747) 7,434,528 13.5% 2,081,093
2012 56,306,869 52,371,837 (1,157,988) 10,211,479 18.1% 2,777,044
2013 56,588,535 53,964,156 (4,960,994) 7,589,509 13.4% (2,336,614)
2014 60,960,005 57,573,564 (2,000,000) 8,975,950 14.7% 1,386,441
2015 68,675,211 10,122,701 14.7% 1,146,751
2016 79,624,986 14,809,348 18.6% 4,686,647
These numbers are from www.ed-data.org and while unaudited they vwere provided by the district each year.