The board unanimously approved the school district’s 2014-15 $15.3 million budget Wednesday evening.

Board members previously expressed some concern about the district’s projected spending on increased faculty salaries and maintenance costs, but Assistant Superintendent of Business and Operations Dan Poolman confirmed that money available from sources such as the General Fund (money earned through state tax dollars) have proven sufficient enough to provide the district with a healthy projected budget for the upcoming year.

The total amount to be earned from local tax revenues is budgeted at about $3.9 million, about $105,000 more than last year. The total revenue expected from local non-tax revenue is $407,082, $61,582 more than last year. The total to be obtained from the state for general purpose funding is nearly $8 million. Total revenue to be granted by the state for special purposes is approximately $2.1 million. Along with another $30,000 expected to be redeemed from state agencies and $773,021 federal dollars allotted for special purpose funding, projected revenue for the 2014-15 school year is about $15.1 million. In addition, there is a grant capacity of $150,000, making the total budgeted revenue for the upcoming school year about $15.3 million.

In addition to income, the district has access to the money already present from sources such as the General Fund, which had a beginning balance of about $1.5 million; Debt Service, with a balance of about $147,000; and Transportation and Vehicle and Associated Student Body Funds.

In August, the district will receive approximately $112,000 for transportation and vehicles, and receive a new school bus.

The total expenditures budgeted for the year are about $15.5 million, an amount which Poolman said will be covered by the combination of existing funds and revenue.

“Everything looks good at this point, probably the strongest we’ve been in a while,” said Poolman.