The Dieterich School District, like many districts in the state, continues to be impacted by the lack of state budget. Dieterich Superintendent Cary Jackson updated the School Board at their recent on the latest legislative issues in Springfield, including the proposed property tax freeze and the pension cost shift. Both of these items could have a significant negative financial impact on school districts in the state.
Also at the meeting, the results of the Fiscal Year 2015 Audit were presented to the Board. The audit showed an increase in Equalized Assessed Valuation of 5.6%, that 76% of all expenditures are on salaries and benefits – a decrease from the previous year, and that the District was forced to spend in excess of $400,000. The Audit also gave the Dieterich School District a 3.55 our 4.0 score for its District Financial Profile Rating. This rating falls in the highest category of recognition.