Friday, February 5, 2010

More Financial Woes For D158

The District 158 Board of Education worked on squeezing more savings from the district's budget Thursday but found things were still in a two steps forward, one step back mode.

The Board hopes to save $700,000 by cutting back 40 percent on janitorial services. Controller Mark Altmayer said there wasn't any way to save money by slashing salaries since "people on the team are approaching minimum wage", anyway.

Member Kim Skaja was leery of the idea, worried that it might increase maintenance costs later.  "We don't want to end up spending $1 million (in the future) to save $700,000 now," she said.

Quite apart from theoretical savings down the road, Altmayer said the District faces an unexpected cashflow hit right now.  He said District legal firm Hinshaw & Culbertson had forgotten to bill them for 10 months' work and wanted $120,000 for it.  "Right now we're in pretty good shape," Altmayer said, "but in April we may not be."

Altmayer said Hinshaw offered to lop 10 percent off the total but "I want to see if we can get another $5,000 or $10,000 dollars."

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