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Hayden — The Hayden School Board adopted the 2009-10 budget Wednesday night.

The more than $5 million budget is about $100,000 more than the previous year, Jnl Linsacum, the district's finance director, said Thursday.

Linsacum said additional per-pupil funding from the state of Colorado and increased expenditures including step increases and 1 percent raises for all staff contributed to the budget increasing next year.

The budget will be amended after the Oct. 1 student count before it's submitted to the Colorado Department of Education on Dec. 31. The state's public school districts are funded on a per-pupil basis, so exact revenues can't be determined until after the fall student count.

Last year, 465 students attended Hayden schools from preschool through 12th grade, according to the Oct. 1, 2008, student count. The district is projecting 458 students in the fall, but that could fluctuate by the time the official student count is taken.

Linsacum attributed the slight decrease in students to last year's graduating class being larger than the projected incoming kindergarten class.

Board members also approved an interest-free loan resolution for the 2009-10 school year.

The state loan program allows districts to borrow from the state department of education while they wait for their property tax payments to be allocated.

Linsacum said 54 percent of the district's revenue comes from property taxes, some of which are allocated beginning in March. That's problematic because the district starts spending money in the fall. Linsacum said that sometimes, revenue from property taxes isn't paid until June.

For that reason, she said, the district will request a maximum loan of $2 million, more than the $1.6 million it requested last year.

"A lot of revenue didn't come in when we expected it to, so we wanted some cushion with the maximum amount we could borrow," Linsacum said.

Of the remaining 46 percent of the district's revenue, 32 percent comes from Colorado.

Also at Wednesday's meeting, board members accepted the resignation of Ty Zabel as high school wrestling coach. Last month, Zabel was approved as the district's new activities director but had to resign as wrestling coach to assume his new position.

Zabel replaces Michael Luppes. Luppes, the former superintendent who retired after the 2007-08 school year, will remain as Hayden High School's boys basketball coach.

The School Board doesn't meet again until 6 p.m. July 15.