Warsaw School Corp. Holds Budget Hearing With No Public Present
July 28, 2016 at 4:25 p.m.
By David [email protected]
The corporation’s proposed 2014 budget is $71,022,013, which is 0.31 percent more than the adopted 2013 budget of $70,800,618.
Chief Financial Officer Kevin Scott reviewed the budget framework, development and timeline, along with an overview of each of the funds that make up the overall budget.
At the end of his presentation, he said, “In closing I would say we’re in a very good financial position.”
He said the budget was put together conservatively.
“We have much to be thankful for,” he concluded.
Of the approximate $71 million proposed 2014 budget, the largest share is the general fund. The proposed 2014 general fund is $48,374,371, an increase of 3.76 percent over the adopted 2013 budget of $46,621,761.
The 2014 capital projects fund is being proposed at $8,120,350, down 12.33 percent from the adopted 2013 CPF of $9,262,630.
The proposed 2014 debt service is $8,652,310, down 1.49 percent from the adopted 2013 fund of $8,782,570; while the proposed 2014 pension debt is $542,735, down 0.69 percent from the adopted 2013 fund of $546,495.
Transportation fund for 2014 is being proposed at $3,365,011, up 7.61 percent from the adopted 2013 budget of $3,127,162.
The bus replacement fund for 2014 is being advertised at $667,416, down 30.48 percent from the adopted 2013 budget of $960,000. WCS will advertise to replace six conventional 66-passenger buses next year.
The rainy day fund for 2014 is being proposed at $1.3 million, down 13.33 percent from the adopted 2013 budget of $1.5 million.
Scott said at the Sept. 30 regular school board meeting, the board will be asked to approve the proposed budget. The budget will be finalized by the Indiana Department of Local Government Finance.[[In-content Ad]]
The corporation’s proposed 2014 budget is $71,022,013, which is 0.31 percent more than the adopted 2013 budget of $70,800,618.
Chief Financial Officer Kevin Scott reviewed the budget framework, development and timeline, along with an overview of each of the funds that make up the overall budget.
At the end of his presentation, he said, “In closing I would say we’re in a very good financial position.”
He said the budget was put together conservatively.
“We have much to be thankful for,” he concluded.
Of the approximate $71 million proposed 2014 budget, the largest share is the general fund. The proposed 2014 general fund is $48,374,371, an increase of 3.76 percent over the adopted 2013 budget of $46,621,761.
The 2014 capital projects fund is being proposed at $8,120,350, down 12.33 percent from the adopted 2013 CPF of $9,262,630.
The proposed 2014 debt service is $8,652,310, down 1.49 percent from the adopted 2013 fund of $8,782,570; while the proposed 2014 pension debt is $542,735, down 0.69 percent from the adopted 2013 fund of $546,495.
Transportation fund for 2014 is being proposed at $3,365,011, up 7.61 percent from the adopted 2013 budget of $3,127,162.
The bus replacement fund for 2014 is being advertised at $667,416, down 30.48 percent from the adopted 2013 budget of $960,000. WCS will advertise to replace six conventional 66-passenger buses next year.
The rainy day fund for 2014 is being proposed at $1.3 million, down 13.33 percent from the adopted 2013 budget of $1.5 million.
Scott said at the Sept. 30 regular school board meeting, the board will be asked to approve the proposed budget. The budget will be finalized by the Indiana Department of Local Government Finance.[[In-content Ad]]
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