Budget
As of 2012, the Stow-Munroe Falls School District has a budget surplus of over $29 million. The five-year financial forecast beginning in the fiscal year 2013 and ending in the fiscal year 2017 also assumes 2% salary increases for staff each year from 2014 through 2017 as well as 2% increases for other expenditures, although the forecast does not include certain annual revenues as per its conservative revenue assumptions.
Read more about this topic: Stow-Munroe Falls City School District
Famous quotes containing the word budget:
“We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
—Ronald Reagan (b. 1911)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (1857–1930)