Last night the Southwest Dubois County School Board formally passed the district’s proposed 2014 budget.
Next year’s budget will include a final tax rate for $1.19 per $100 of assessed value that nearly matches the rate issued by the state last year.
The overall corporation budget for 2014 is broken down into seven categories including the General fund of $11,811,155, received from the state based on student enrollment. The Capital projects, a Transportation fund to pay for school bus driver contracts. Debt service fund to make payments on borrowed money. And the Referendum debt fund to pay for bonds on the high school construction project. This fund was created after a referendum passed in 2009.
The budget also includes a bus replacement fund of just over 500-thousand dollars to replace two school buses in 2014. And a Pension bond fund to pay for long-term teacher retirement. All of which was approved by the board Thursday night.
Southwest Dubois Superintendent Mike Eineman says this year’s budget is close in similarity to last year’s but with a few small changes:
Now as mentioned earlier the board last night also passed the corporation’s Capital Projects plan for the upcoming year. Eineman says the corporation plans to use dollars from the capital projects fund to improve the learning and athletic environments withing the corporation:
Southwest Dubois Schools becomes the second of the county’s four corporations to adopt upcoming budgets this week. On Monday the Greater Jasper School board approved their 2014 budget.Northeast and Southeast Dubois schools are expected to pass their budgets for next year in October.
The Southwest budget will now be passed on to the Indiana Department of Local Government Finance for final approval.
Also the Southwest Dubois School Corporation recognized the district’ students of the month for September during last night’s meeting.
This month’s honorees include Sam Sermersheim a 5th grade student at Holland Elementary School, Huntingburg Elementary 5th grader Kennedy Nalley, and Hailey Luebbehusen, a senior at Southridge High School. Southridge Middle School 6th grader Audra Hochegsang was also bestowed as a student of the month for September, however she will recognized at the October Meeting.