Administration Office, 1051 S Main St, Tipton, IN 46072
Tuesday, November 12, 2019
- 6:30pm - 8:30pm
A member of the Board may request any item to be removed from the consent resolution and defer it for a specific action and more discussion. No vote of the Board will be required to remove an item from the consent agenda. A single member's request shall cause it to be relocated as an action item eligible for discussion. Any item on the consent agenda may be removed and discussed as a nonaction item or be deferred for further study and discussion at a subsequent Board meeting if the Superintendent or any Board member thinks the item requires further discussion. (ByLaw 0166.1)
It is recommended that the following Consent Agenda Items be approved:
Approval of the Agenda
Approval of Minutes
Approval of Claims
Approval of Personnel Report
Approval of Field Trips (Overnight and/or Out-of-State)
Approval to Accept Donations
Tipton Middle School FFA Donations:
Tipton High School
The monthly report for October provides you with a summary of the monthly revenue versus expenditures. For October, our revenue exceeded the expenditures by $7,640, giving us a cash balance of just under $779,000 in the Education Fund. The other funds listed in the middle of the page include Debt Service with a cash balance of $1,424,207 and the Operations Fund with a cash balance of $2,467,554. The projections show that we should end the year with a cash balance in the Education Fund of $696,140.
The proposed pay increase for support staff is done differently than a straight percentage increase, the pay increase would be a flat rate, similar to what we have been doing with teacher pay. Depending on the category an individual works, the pay increase will range from $0.70 on the hour up to $1.00 increase on the hour. This would result in a $27,467 increase in cafeteria and $113,636 for all other support staff. It is recommended that the proposed pay increase for support staff be approved.
Health insurance premiums increase this year by 2% . Within the Tentative Agreement with teachers, the board agreed to pay this increase in medical insurance premiums effective October 2019. It is recommended that the board cover the cost of this increase for the support and administrative staff as well.
The Technology & Facilities Committee has been discussing different projects to spend down the remaining bonds funds. We are seeking approval to proceed with the following projects:
It is recommended that the Board approve proceeding with these projects.
As we look at the Education Fund Projections, the cash balances at the end of the year are expected to be $696,140. With the projections, as presented at the November 12, Board meeting, we are expected to spend at least $16,949 more than what was appropriated. (Estimated expenditure - $9,495,697; Approved 2019 budget - $9,478,748) With this increase in expenditures, we will need to ask for an additional appropriation to end the year. Since this is an estimate, we are asking to advertise to have a Public Hearing before approving to spend up to an additional $50,000 from our cash balances to end the year in the positive for the 2019 Education Fund. The amount actual used may change as we approach the end of the year. It is recommended the Board approve advertising for an additional appropriation.