Ottawa Elementary in a better spot financially, administrator says

District projects $20 million in revenue, $19 million in expenses

Ottawa Elementary Superintendent Cleve Threadgill told the board Tuesday the budget is trending in the right direction for the district.

This comes in light of expenses being higher than normal because of many new hires, which includes seven new teachers.

Operations and maintenance revenue also is up to $212,549 while expenditures are up to around $3 million, which Threadgill said is going to help catch up on projects that had to be put off because of COVID-19.

“The big reason we’re seeing a spike is because of the work we’ve had the last couple of years at Jefferson and the parking lots this year,” Threadgill said. “It’s an important point as a reminder that we had to pay off the residuals to be profitable the last couple of years.”

Threadgill said the schools are in a better spot financially than they have been in previous years.