Stillwater News Press

October 3, 2013

Meridian Tech approves $14.4 million budget for 2014

By Mark Rountree
Stillwater NewsPress

STILLWATER, Okla. — The Meridian Technology Center Board of Education has approved a fiscal year 2014 general fund budget of $14.4 million, approximately $620,000 more than last year.

The budget indicates an increase of $229,464 for short-term adult programs, a new initiative at the school. Program administrators are conducting focus groups within the school’s 10 district communities to learn what the interests and needs are for short-term adult classes. For example, Meridian has begun an adult real estate program in Guthrie.

The board approved $5.38 million for daytime instruction, the biggest line item expenditure in the general fund budget and $158,132 less than last year.

Daytime instruction includes instructor salaries and benefits, books, supplies, materials and program equipment.

Dana Wallace, communications director at Meridian, said the 2014 budget figure is closer to what the school actually spent on daytime instruction last year.

She said the school has the same number of educators and is offering the same number of programs as last year.

The board approved a building fund budget of $5.49 million, $732,265 less than last year.

The school recently completed a $7.1 million construction trades building on the west side of campus. The second portion of payment for the new building came out of the 2013 fiscal year budget, which is why funding for building improvement came in at $2.45 million less than last year.

The board also approved a special contingency increase of $830,766 to maintain carry-forward funding and for use of funds where needed.