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Show Largest Budget in School History Set at Over One Million Dollars A public hearing will be held next Monday on a tentative ten-tative budget of expenditures by the Iron County School District during the coming year, with the total budget set at $1,189,350.64, as compared to a budget of $913,372.92 adopted a year ago. The increase in the budget Is the result of two major reasons. First, the Board of Education is beginning to accumulate ac-cumulate funds for future building needs, and second, increases in-creases in teachers salaries and the need for additional teachers to meet Increased enrollment en-rollment and requirements of instruction in-struction must be met Building Plans In the next three or four years at least two new buildings in the district will be an absolute necessity, ne-cessity, elementary buildings in Cedar City and Parowan, and as a means of paying for such buildings without the necessity of bonding with the resultant high interest payments, the board proposes to increase the building reserve fund levy to 10 mills this year as compared to 4.5 mills levied for this purpose last year. The Board raised $194,905.57 for this purpose last year, and the new levy is expected to produce $405,905.57. Of this amount $105,-503.14 $105,-503.14 will be transferred to the building reserve fund, which, when added to $45,000 already In this fund, will meet needs for building Improvements and alterations. al-terations. The balance of $300,000 will go into the building fund for use in the construction of new buildings in the future. If this procedure is continued new buildings can be provided without with-out bonding the district and without the payment of large amounts of interest. No Tax Increase In spite of the tax levy Increase In-crease property owners of the county will probably not be faced fac-ed with an overall tax Increase, because lt is expected that the state will make a very small, if any, levy for this purpose this year. Another slight Increase in levy is contemplated In the tentaUve budget. That is for debt service. It will be necessary to increase the levy for this purpose from one mill to one and one-quarter mills. This will raise a total of $50,687, which added to present balances will make lt possible to pay $50,000 principal and $2,156.-25 $2,156.-25 interest on bonded Indebtedness. Indebted-ness. Of this amount $35,000 will be paid on the bond for the East Elementary school, and $15,000 for other bonds. The $15,000 will be final payment on all bonds against the district with the exception ex-ception of the East Elementary bond. Two more payments must be made on the latter, and when final payment is made in December, Decem-ber, 1958, all bonded Indebtedness Indebted-ness of the district will be wiped out, unless of course, additional bonds are voted in the meantime. Total Operating Budget The total operating budget for the present year is set at $720,-805.00 $720,-805.00 as compared to $688,090.00 budget last year. The major increase in-crease In this item will be found in Increased instruction costs, which Includes a $200 Increase In salary for all teachers for the coming year besides the regular salary Increase for length of service, ser-vice, and. also the need for pro bably three additional teachers for the 1956-57 school year. Teachers salaries this year will (Continued oa Back Page) SCHOOL BOARD SPENDS MILLION (Continued from Pag One) total $503,300.00 as compared to 9466,896.00 last year. With the addition of instruction supplies he total Instruction cost for the coming year has been set at '3542.786.00 as compared to $504, S96.00 last year. Administration costs, which In-dude In-dude School Board, Superintendent, Superinten-dent, Clerk salaries, and also salary of assistants, office expenses, ex-penses, etc., will also be Increased In-creased slightly. This year's budget bud-get for administration Is tentatively tenta-tively set at $22,279.00 as com-pared com-pared to $21,519.00 budget for the past year. Expenditure for auxiliary services, ser-vices, including transportation, Tiealth service, etc., is practical. Iy the same as the past year, with $26,290.00 provided for these services. The budget for operation of ttie school plant Is also up this year as the result of salary Increases In-creases and additional janitor'-" lal services needed to care for additional building space. Proposed Pro-posed expenditure for the coming com-ing year is $60,000.00, as compar-ed compar-ed to $55,163.00 budget for the past year. A slight Increase, from $14,-500.00 $14,-500.00 to $15,000.00 Is also expected ex-pected for plant maintenance, which also reflects salary increases. in-creases. Reductions will be made In two funds, fixed charges and capital outlay. The fixed charges budget, which Includes Insurance, Insur-ance, social security, retirement, etc., Is set at $33,700.00 for the coming year. A total of $39,000.00 was budgeted for this last year. Capital outlay, . Including pur-chase pur-chase of books, equipment, etc., is set at $20,750.00 as compared to $26,717.00 during the last year. Following the public hearing at 10 a. m. Monday the Board will meet In regular session at which final adoption of the budget bud-get Is expected to be made. |