AKRON – Tippecanoe Valley School Board reviewed the school corporation’s preliminary 2012 budget during a budget work session Tuesday night.
The total of all the funds in the budget is $21,990,723. That is up slightly from the 2011 advertised budget of $21,597,048.
The largest fund is the general fund. Its preliminary estimated total for 2012 is $15,024,165, up from the 2011 advertised general fund of $14,665,820.
The debt service fund is estimated at $3,001,510 for 2012. That is up from the advertised 2011 fund of $2,988,366.
The capital projects fund for 2012 is proposed at $2,226,774. The CPF is down from the advertised 2011 total of $2,243,974.
While the school transportation fund is being proposed at $1,558,274 for 2012, the school bus replacement fund is being proposed at $180,000. For 2011, the proposed advertised amounts were $186,000 for the bus replacement plan and $1,512,888 for the transportation fund.
The budget figures have been advertised twice as required. A school board can not increase a budget once it has been advertised, but can always lower it.
A public hearing on the 2012 budget is scheduled for 7:30 p.m. Sept. 1 at the administration building.
To adopt the budget, the school board will meet at Mentone Elementary School at 7:30 p.m. Sept. 12.
Tippecanoe Valley School Board members are Dave O’Brien, Bryan Murphy, Hal Hoffman, Mark Wise and Rod Eaton.
