9/11/2013 11:54:00 PM P-T Board of Ed approves $8.7 million budget
The Fiscal Year 2014 working budget for the Perkins-Tryon Public School District was approved during Monday night's meeting of the board of education.
The budget was set at just over $8.7 million, according to Superintendent James Ramsey. Personnel costs take up a lion's share of the budget at $7.875 million. In breaking that down, the certified staff salaries tally $4.836 million with the support staff salaries at $810,000. The administrative salaries add up to $463,655. District fixed costs that include Social Security and Oklahoma Teachers Retirement are set at just over $1.5 million.
Instructional expenses were set at $133,000 which includes $4,000 budgets for each building site. Utility costs were budgeted for $283,000. The budget for District Costs is also up most due in part to increases to personnel insurance and worker's compensation insurance. Those two make up just over $175,000 of the line item's $275,824 budget. That section also includes the cost of the drug testing program for all students in extra-curricular activities.
Transportation costs are also budgeted an increase for fuel. Maintenance costs were estimated to be lower.
The board also approved the district's 2013-2014 Estimate of Needs and Sinking Fund schedule as presented by Ramsey. The document showed the district had a General Fund carryover of $560,962 heading into the current fiscal year. Ramsey explained that is the amount of money the district must operate on until state and federal funds arrive later this year. The carryover has seen a decrease over the past few years.
On a related note, the board approved a reciprocal loan agreement for FY14 between the General Fund, Building Fund, and Sinking Fund for temporary deficits and waives any interest. This would allow the district to borrow money from one fund and use it toward another until funding arrives. The money would be paid back.
Also approved was an out-of-state travel request to allow FFA students to attend the American Royal Livestock Show Oct. 22-26 in Kansas City. FFA instructor Brandon Brunker said 12 4-H and FFA members will exhibit their sheep and goats while there and each student will be traveling with one or two parents.
The organization was granted the use of a school truck and trailer for the trip. All other expenses will be paid by the exhibitors and the chapter.
Other approvals granted included entry into an agreement with the Cooperative Council for Oklahoma School Administration (CCOSA) to participate in CCOSA's Legal Assistance for FY14 as well as the lists of gifted and talented committee and the safe school/healthy fit advisory committee members for the current school year. In addition, agreed to retain the services of Stephen L. Smith Corp. as the district's financial consultants for the current fiscal year.
The board also approved a list of fundraiser requests for the 2013-2014 school year and the F&2013 audit report.
In personnel matters, the board voted to approve David Willis as an adjunct teacher for math of finance for the current school year. Also, two cooks were also hired for this school year. They are Monica Watkins and Kimberly Little.
The board also acknowledged the resignations of food service employees Kristy Barnes and Shirley Rowland.