The John Glenn School Board approved actions necessary in order to submit the 2019 budget to the state.
The entire budget totals just over $18.1 million. The newly created Education Fund is about $11.1 million and the Operations Fund at $4.5 million.
The various funds in the newly structured budget as mandated by the state includes the following funds within the two funds: Debt Service, Exempt Debt Service, Exempt Retirement Severance Bond, Capital Projects Plan, Rainy Day Fund, and Bus Replacement Plan.
The tax rate is 1.317 and the advertised tax levy is $4.8 million.
The board members unanimously approve the budget as advertised.
Business Manager Tom Bendy clarified that the Bus Replacement and Capital Projects funds are in the Operations Fund but plans for those funds still need to be approved.
The first step of the process of the budget, according to Bendy, is to approve resolutions to initiate the Education Fund and Operations Fund in the 2019 budget which was also approved. Funds can then be transferred into those budgets at the beginning of the year.
Bendy said the budget also reflects the action to reduce the 2018 Bus Replacement Fund. The school had $350,000 budgeted for buses in 2018, but only spent $200,000.
“What happens is because the state would take the assumption that we’ve spent all of it they could reduce what I could budget for and basically say I don’t have that cash anymore so I can’t budget for buses in 2019,” said Bendy. “What this resolution does is allow us to tell them, formally, that we’re not spending any more out of the appropriation. We’re reducing it so then I can have that cash to use in the 2019 budget.”
The number of buses purchased fell in accordance to the Bus Replacement Plan for 2018.
That resolution received unanimous approval with board members. All budget paperwork will now be sent to the state.
