The Culver Community School Board members adopted the 2024 budget with a unanimous vote of the members present during their meeting Monday night.
According to the information posted on the Indiana Gateway website, the total budget is $17,692,271. The Referendum Fund is at $2.6 million, the Rainy Day Fund is at $400,000, the Debt Service Fund is about $2.2 million, the Education Fund at $7.3 million and the Operations Fund at about $5 million.
Treasurer/Business Manager Casey Howard noted during the public hearing held September 18, there is a five percent increase in this year’s budget compared to last year. Special Education funding will increase slightly in the next year’s budget.
The estimated tax rate is .9986, but it will be officially determined by the Department of Local Government Finance.
Howard reminded the board members that the Department of Local Government Finance will notify the school of the 1782 notice in December and any adjustments will be made to the budget at that time as necessary.
