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Show 7.7 million Public hearing to air School budget Public hearing to consider the 1976 fiscal budget for Iron County School District will be held Friday evening, June 27 at 8 p.m. at the District offices located at 75 North 300 West Street. The district will be considering a budget of $7,753,272.00. Revenue sources for the budget include local, state and federal funds. Locally on a county level, the district will collect through property taxes $5,286,096. Anticipated state revenues amount to $2,282,747 and federal revenue is being estimated at $174,429. Several increases in revenues are anticipated from the state, ' including equalization funds based on the increased of of weighted pupil units from $560 to $621 by the state legislature. Additionally the state will approve ap-prove $83,442 for pupil transportation tran-sportation and also approved by 1 the state legislature is the new text and lab fees for secondary students which will amount to an ' anticipated $23,059, according to Dr. Clari Morris, superintendent. In the federal revenue one of the major sources of income is from ESEA Title I program amounting to $37,063 while school lunch support from federal sources amounts to $80,866. There is also approximately $10,000 revenue from miscellaneous sources, the superintendent indicated. On the expenditure side of the ledger the district will have an increased maintenance and operation budget of over a half million. Total figure is set at $3,300,058. Various areas of expenditure in the M & O budget is administration, $96,594; Instruction, In-struction, $1,932,846; text books. instructional supplies and instructional in-structional travel, $146,700; i Pupil transportation, $102,952; Plant operation $241,783; Maintenance, $149,179. Other fixed charges amount to $561,828 including $264,151 for state retirement benefits. Capitol Outlay expenditures ' are anticipated at $4,162,780 which is represented entirely by local revenue. Of that amount $3,454,780 is carryover money from the sale of bonds during the past fiscal year for the con- j struction of the new Cedar City Junior High School building. Some of the other expenditures to be considered at the hearing will be $237,634 for school lunch programs; $8,000 for tart and liability insurance and recreation, $44,500 which includes in-cludes a balance of $5,000 from the previous year's operation to be carried over to the next fiscal year, Dr. Morris stated. |