|WCSI Local News|
The Flat Rock-Hawcreek School Board held a public hearing Tuesday night regarding the school budget for next year. That's according to our friends at the Hope Star-Journal.
Officials say the General Fund budget estimate is $5,875,353. The Debt Service Fund (DSF) is listed at just under $400,000 with $399,950 estimated. The current DSF tax levy is $125,047. While no new School Pension Debt (SPD) is listed for the proposed budget, the current SPD tax levy is $131,444. Referendum Debt Fund (Exempt Capital) accounts for an estimated $1,520,000 with a current tax levy of $1,593,811. The School Capital Projects budget estimate stands at just under $1 million at $925,900. The tax levy for the fund currently stands at $546,521. The Transportation and Bus Replacement Funds account for $388,000 and $109,000 respectively. The current tax levy for the Transportation Fund is $342,569. The current Bus Replacement tax levy is $45,266.
The estimated maximum Transportation levy is $409,000. The estimated Bus Replacement levy is $115,000.
The school corporation has phased out contract buses and drivers. The district now hires drivers as employees and owns all of its vehicles.
The total budget estimate stands at $9,218,203 with the maximum estimated funds to be raised, including appeals and levies exempt from maximum levy limitations, reaching $3,160,000. The current tax levy reads $2,784,758.
The Capital Projects Fund Plan lists projected funds available for the plan at $925,900 for 2014, $897,900 for 2015 and $877,900 for 2016.
FRHC School Corporation business manager Jeff Cleland anticipates the tax rate to remain the same as the past two years at $1.45 per $100 assessed valuation
As no members of the public attended the meeting to object, the proposed 2014 budget is scheduled to be adopted at a public meeting on Tuesday, Oct. 22 in the FRHC Board room. The meeting is scheduled for 7 p.m.
Last Updated: Thursday, October 03, 2013 7:04:10 AM
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