Daleville BOE approves $10.9 million budget

BY Jan Murray jmurray@southeastsun.com

  • 22 September 2016
  • Author: Admin Assistant
  • Number of views: 1316
The budget shows expected revenues totaling $10,924,547.70 and expenditures totaling $10,535,705.74.State revenues in the budget total $6,840,044 of which 63 percent comes from state funds, 19 percent from federal funds and 18 percent from local funds. Some $5,642,090 of state funds are for foundational costs, including salaries and fringe benefit expenses totaling $4,832,684.Chief Financial Officer Lynn McWilliams said the school system will be able to meet its required one-month reserve with the approved budget. This will be the second year in a row that the system will start a fiscal year off in the black after a debt-ridden fiscal year 2015 and will be the first year for the system to meet the state requirement of having one month of operating funds in reserve. McWilliams told the board that she foresees the system meeting that reserve early in the fiscal year, which begins Oct. 1 and ends Sept. 30, 2017.The board approved the system’s “Five-Year Capital Plan” which includes a new roof for Windham Elementary School in 2017; added technology in 2018/2019; Windham Elementary School lunchroom renovation in 2020; and Daleville High School lunchroom renovation in 2021.Williams said the budget also makes way for the purchase of new school buses through a lease-option plan by the summer of 2017 as most of nine 2008 buses under a current lease-option plan will need to be sold in order for the system to keep renewal funding. She said three of the buses will be kept in the spare-bus pool while the others will eventually be listed for sale on govdeal.com.In other action, the board went into a 43-minute executive session, but took no action following the session. Board members also approved payment of $145,850.32 in August bills.The next board meeting will be held Oct. 19, at 4:30 p.m. at the central office.
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