The budget for the 2006-07 fiscal year at Woodside Elementary School includes a gift from the Woodside School Foundation of $1.6 million, about 24 percent of the district’s total income and a new record.
The one-school K-8 district enrolling about 440 students expects to spend $6.7 million in the fiscal year that started July 1, and receive about the same amount in revenues. That represents a 9 percent increases in both spending and income. The budget anticipates about $15,500 will be added to reserves.
By law, school districts must retain a reserve of at least 3 percent of spending. Despite the dollar increase, on a percentage basis, the Woodside district’s reserve is shown dropping slightly, from 19.4 percent to 18 percent.
The foundation’s gift represents a 6.5 percent jump over last year’s gift. Property tax revenues, too, are projected to rise by 6.5 percent. The district is expected to spend about $15,200 per student in 2006-07.
Teachers are scheduled to get 10 percent raises if the Board of Trustees approves them. The raises align Woodside salaries with those in the elementary districts in Portola Valley and Menlo Park, said Financial Services Officer Tim Hanretty. “Woodside lagged behind a little bit,” he said.
Other changes for 2006-07 include the elimination of one technology teaching position and the adding of one middle-school social studies period and two periods of middle-school English language.
Costs for special education are expected to rise by about $32,000, and the school psychologist is to increase availability on campus to one and a half days a week from one day.
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