The Cassville R-4 School Board approved the preliminary budget for the 2012-13 school year at its regularly scheduled meeting on July 12. Planned expenditures will total $16,661,284 and revenues are projected to be $15,604,679.
Superintendent Richard Asbill reported that the combined fund balances at the end of the 2011-12 school year were $10,840,487. Asbill estimates that fund balances will be $9,677,968 at the end of the upcoming school year.
"Please note that the district anticipates reducing the capital fund project by $686,796 for related capital projects and the new FEMA performing arts facility," Asbill said in his budget statement. "The remaining $369,811 is estimated Fund One reductions."
Administrators have predicted a $280,000 reduction in state funding and a loss of around $90,000 in federal funding.
The salary schedule for the 2012-13 school year includes a base teacher salary of $33,500. The district will continue to pay increments of $450 with additional years of education and experience, and $1,650 increments will be paid at the initial movement to masters, specialist and doctorate levels.
"Classified salary increases include a 15 cents per hour addition to the salary schedule step and an incremental increase of 25 cents per hour for all returning employees," said Asbill.
The school district began developing the budget in January. The budget is a joint effort of the school board, the administration, faculty staff members, support staff members and community members.
"The district goals found in the 2012-13 Cassville R-4 Comprehensive School Improvement Plan (CSIP) include goals for student performance, staff development, community involvement, resources and governance," said Asbill. "The activities and expenditures planned for the upcoming school year are designed to assist personnel, extend the length of service for equipment and provide additional opportunities to accomplish our goals."
Some of the future areas of concern are: enrollment, funds to hire and retain qualified employees, extending fringe benefits for employees, energy costs and continued state and federal budget reductions and withholdings.
In other business, the Cassville R-4 School Board:
* Approved a list of extracurricular staff.
* Hired Stacey Williams as a secretary and bookkeeper and Jimmy Hinson as an agriculture teacher.
* Set the tax rate hearing on Aug. 16.
* Approved the 2012-13 tuition rates, bus routes, CSIP plan and a 10-cent increase to lunch prices.
* Received an update on the FEMA building project.