The board voted unanimously to approve the budget for fiscal year 2014 following a public hearing and brief presentation by District 113A Business Manager Barbara Germany.
The approved budget projects $21,801,350 in revenue and $20,571,175 in expenditures—giving the district a positive balance of $1,230,175.
The total budget, which includes the debt service and IMRF funds, projects about $27.1 million in revenue and $25.7 million in expenditures, resulting in a total surplus of about $1.4 million.
Overall, the budget increased by about 14 percent from last year, which Germany attributed to higher bond payments and costs related to the newly implemented strategic plan.
District 113A is expected to put a little more than $2 million toward its strategic action plan during the 2013-14 school year. In addition to hiring new staff members, the district will spend about $425,000 on curriculum development, $334,000 on technological enhancements and $425,000 on capital improvements.
"These are items we haven't seen in our budgets in the past several years," Germany said.
As a result, expenditures increased by 17.1 percent in the Education Fund and 35.3 percent in the Operations and Maintenance Fund, Germany said.