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Show School District Adopts 80 budget A $15.1 18.73(5 budget for 1980-81 was adopted by the Iron County School Board following a pulbic hearing Monday evening. Subs'.ancially higher than the previous year the budget included some $5,690,000 in bonds approved by voters this year plus an anticipated $400.00 in interest that will be ac-cuivd ac-cuivd during the course of the year before !he bonding money is expended. ex-pended. Budget is based on an anticipated student enrollment of 4,235 and an assessed valuation for the county of $34 million. Mill levy to be assessed for property tax was set at 44.39, up .79 from last year. The increases in thelevey included 77 in transporation from .23 to 1 mill lor the purpose of helping to meet the increased costs of transporation both into and from school and in special activities. Ad--, d tionally the levy for tort liability was increased from .23 to .25. Of that amount 24 mills will be assessed to meet the demands of the state equalization program in maintenance and operation as set by the state legislature. Recreation assessment was set at 1.14 mills and capitol outlay and debt service remained the same as last year at 18.00 mills. Superintendent J. Clair Morris indicated that some additional revenue would be generated as the result of the anticipated increase in enrollment and the projected increase in the assessed valuation of Iron County. Those two factors, along with the bonding money, account for the increases in-creases in the budget revenues for the coming year, he suggested. Sources of income were indentified by the Superintendent based on the project enrollment and assessed valuation. Based on those figures the revenue from Iron County property taxes was projected at $4,639,965 as compared to $3,737,243 for the year just completed. State revenues are estimated at $4,357,371 while federal revenues anticipated by the district were set at $424,100 of which $170,000 will be in food services. Additional revenues include $7,300 expected from other districts and the $5,690,000 in bonding money for the total of $15,118,736. Biggest single expense for the year will be in salaires for teachers. The cost for the year is set at $2,947,691 up from last year's figure of $2,488,536. Total cost of instruction including administration $154,458, salaries of $3,664,367 and books and equipment will be $3,876,172. Other operations and maintenance items in the budget includes $29,284 for health services; $216,184 for pupil transporation; $622,962 for custodial services: $201,633 for plant maintenance and $1,399,386 in fixed charges including such items as social security, retir-ment retir-ment benefits, interest and insurance premiums. Community service programs are set at $77,652. Total maintencae and operation budget ; was set at $6,724,926 as compared to $5,702,649 for the past year. Included in the budget is $132,494 in undistributed reserves. Other expenditures include $82,378 in a sptcial transporation fund created by the one mill levy. Tort liability funds will be $20,594 and the recreation fund, which includes operation of the Cedar City Swimming Swim-ming Pool was set at $168,308. The biggest increase in the budget, of course, was in capital outlay and debt service. That was set at $7,568,129 and included the $5,690,000 bonding money. Cost of retirement of bonds during the fiscal year was set at $610,000 and payments for intest on bonds and notes was set at $739,309 for the year. School lunch fund was set at $520,309 and an additional expenditure ex-penditure of $29,000 was set to cover the cost of the Council on Aging for Iron County for which the school district serves as fiscal agent. |