The Bottom Line
Understanding the Financial Picture
The current economic climate is creating financial challenges for individuals and organizations nationwide. Springfield Public Schools is carefully monitoring its finances to ensure it remains as fiscally responsible as possible.
The Bottom Line is the place to find the latest news about Springfield Public Schools' finances. Check back frequently for regular updates.
Latest Financial News
Nov. 24 -- SPS received the Meritorious Budget Award from the Association of School Business Officials International for the 2009-10 annual budget. The Meritorious Budget Awards program was designed by ASBO to enable school business administration to achieve excellence in budget presentation and indicates a solid foundation in the skills of developing, analyzing and presenting a budget. This is the sixth consecutive year that SPS has received the award. Only three other districts in Missouri have received the award for this length of time.
Nov. 18 -- Chief Financial Officer Steve Chodes presented the October financial statement to the Board last night. Mr. Chodes pointed out that less than 2% of the budgeted sales tax revenue, which comprises almost half of the District’s revenue budget for the year, has been received by the District through October which is in line with historical trends. Over 80% of the annual sales tax revenue is received in January.
Nov. 17 -- Springfield Public Schools earned its 17th consecutive unqualified fiscal audit, meaning that the district met all standards of accounting principles accepted in the United States of America. Fewer than 3 percent of Missouri’s 520 public school districts receive an unqualified audit on the accrual basis. The independent auditor’s report and financial statement for the 2008-2009 fiscal year was prepared by Daniel Jones and Associates, Certified Public Accountants, and presented to the school board at its meeting Nov. 17.
Aug. 18 -- School board votes to place $50 million bond issue on Nov. 3 ballot. View a list of proposed projects to be funded by the bond.
July 27 -- Superintendent Norm Ridder describes how stimulus funds will be used to benefit Special Education and Title I programs. Listen to his interview on KSMU's Making Democracy Work program.
View 2008-2009 fiscal highlights.
