The John Glenn School Board members voted unanimously to adopt the 2018 budgets Tuesday night.
According to Indiana Gateway, the General Fund is listed at $12.7 million with the Capital Projects Fund at $1.3 million and the Bus Replacement Fund at $300,000. The total budget advertised and adopted is $17,730,462.
Business Manager Tom Bendy explained that the budget process will change next year.
“The Instructional Fund would replace the General Fund and the Operational Fund would combine some things from the General Fund plus Capital Projects, Transportation and Bus Replacement,” Bendy explained. “Debt Service Funds will remain and the Rainy Day Fund will be separate also. The Instructional Fund will simply be teacher salaries and anything related to instruction. The custodians, for example, will be pulled and put in the Operating Fund.”
He said the legislature is attempting to make the budgets easier for money management.
“I think it took off when legislators saw the opportunity to tackle where instructional money goes but the revenue and the funding formula that comes in is going to stay the same. That was General Fund money. General Fund money also paid for this office, the superintendent, the custodians, the utilities which they consider to be non-instructional.”
He added that the board will have to transfer money from instruction to operating to cover the costs.
Federal law also requires school corporations to keep closer tabs on how money is being spent on the student.
Bendy will attend training on the new budget when workshops are scheduled in March.
