The Bowling Green Independent School District saw financial gains during the 2016-17 school year, according to new audit data presented at the district’s board of education meeting Monday.

“The district as a whole has had a good year,” said Jeff Herron, the district’s finance director, in an interview after the meeting.

According to Herron’s presentation, the district’s general fund increased by $1,102,273 over the previous year and its capital outlay and building funds increased by $808,470.

The district’s revenues exceeded its expenditures by $1,151,711, with state revenue accounting for roughly 59 percent of total revenue and local taxes accounting for roughly 22 percent. Actual property tax collection totaled $10,412,977.

However, the school district still has challenges going forward in light of a call by Gov. Matt Bevin’s administration for current year budget reductions.

Herron said the exact impact of the cuts on the district remains unknown but said that it’s going to affect half of the funds the district uses for after-school tutoring and textbooks. As a result, the district has informed schools that those funds have been frozen.

Additionally, the district is expecting an increase in retirement contributions for classified employees of roughly 36 percent.

In other business, school board members discussed a draft of the calendar for the 2018-19 school year.

In an interview after the meeting, Superintendent Gary Fields said there are no significant changes to the upcoming school year’s calendar. The district’s board of education won’t make a final decision until Dec. 11, he said.