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KPS maintaining strong carryover into new fiscal year

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KPS maintaining strong carryover into new fiscal year

By
Michael Swisher

Despite numerous upgrades across the district, Kingfisher Public Schools’ financial picture looks much the same.

The board of education on Monday night held its final meeting of the 2022-23 fiscal year.

Board members reviewed the district’s financials as the end of the fiscal year approaches. (Note: The board annually meets twice in June, with one of those meetings being near the end of the month, and doesn’t regularly meet in July.)

The general fund carryover for this year is projected to be just under $8.1 million.

That’s compared to just under $8.9 million a year ago.

The district received $18.73 million in revenue for this fiscal year while expenditures were at $18.33 million. There’s another $1.26 million in reserve.

The revenue included $7.72 million in gross production taxes for the year. There was another $4.37 in local ad valorem taxes.

That helped maintain the healthy carryover for the district despite some major expenses as upgrades can be seen - while others will be heard - across the district’s campuses.

Among the biggest expenses for the district were renovations to the concession stand/restrooms at the football and soccer fields and at Gilmour Elementary School.

The concession and restrooms remodel has totaled about $460,000 from the general fund.

To date, the school has paid out about $400,000 of the projected $6.2 million in renova- tions to Gilmour Elementary.

That project, which began after the school year ended, will be completed in phases and is expected to take about 16 months.

That will allow the district to pay for it over three different fiscal years.

Updated technology for the district, largely laptops for student use, cost about $175,000.

KPS also has upgraded the intercom and clock systems at both Heritage and Kingfisher Upper Elementary at a combined cost of about $131,000.

Two new pickup-trucks were purchased for the agriculture education department at a total cost of about $108,000.

The district should carry over about $1.7 million in the building fund and has another $1.7 million in the sinking fund, though those numbers could change by the end of the month.

The ag barn extension that is nearing completion and the lease-purchase agreement for synthetic turf at the football/soccer fields and the north softball fields are among the projects being paid for through the building fund.

( Ed. note: The board met for just over three hours at Monday’s meeting. Of that, more than two hours were spent in executive session. Eric Janzen of Rosenstain, Fist & Ringold, the firm that represents the school in the lawsuit filed against it and some of its coaches, was a part of the executive session for about one hour and 40 minutes. There was no action item on the agenda regarding the lawsuit. There were multiple personnel moves made after the executive session. Those, plus other actions by the board, will be included in the weekend edition.)