Board Room, 1051 South Main Street, Tipton, IN 46072
Monday, April 17, 2023
- 5:30pm - 6:30pm
Highlights: Property taxes for charters, Medicaid spending is outpacing K-12, textbook fees out, ESL out.
• Total funding per ADM:
• FY 2023: $7,727
• FY 2024: $8,102
• FY 2025: $8,463
Senate Budget Highlights-Deletes CTE Grant/Honors Grant in the both '24 and '25.
There is still time to oppose the inclusion of property tax operation fund dollars in the budget. We for sure can advocate for more oversight if tax dollars are being transferred to charters.
1. Require the charter to develop a budget for the funds, post the budget, require competitive bids for all purchases above $25k.
2. IC 5-22-7-5: “The purchasing agency shall give notice of the invitation for bids in the manner required by IC 5-3-1.” • Published two times at least one week apart with the second publication at least seven days prior to the meeting bids will be received.
3. • IC 5-22-8-3 • For purchases of $50,000 to $150,000 the purchasing agent should invite three quotes from businesses known to be in the field.
Back when we had a local education fund that supported the general fund, schools did transfer a portion of the dollars to a charter school. This was eliminated when Tax Reform was done in 2008.
For TCSC increase
2024 ADM $7,778 increase of $279 (3.7%) per student. Based on DOE Enrollment-+$197,804. Based on BS $395,064
2025 ADM $8,137 increase of $359 (4.6%) per student. DOE Enrollment -+$293,823. Based on BS +$508,314.
Total new money-$491,627 DOE #. $903,408 BS#
This spreadsheet shows current salary levels for staffing. Staff members with a strikethrough have either retired, resigned, or considering retirement. The names in RED under denotes the potential for transfer or replacement along with estimated payroll. We are early, but with these estimates we can cut approximately $448,000 from Education Fund expenses for 2023-2024. ALL INFORMATION IN THESE SPREADSHEETS SHOULD REMAIN CONFIDENTIAL.
TES Intermediate. $244,000.00
TES Primary. $52,000.21
TMS. $50,650.00
THS $82,800.00
CO. $72,818.00
Secretaries. $66,708.08
Total $568,976.29
Less ESSER BW. $56,500.00
BM. $63,500.00
Ed Fund Savings. $448,976.29
Assistant Superintendent
Elementary Reading Specialist
Kindergarten and 4th Grade
Aquatics
PE. THS/TMS/TES
Shayne Clark-Assisting with State Reporting
The next meeting is scheduled for Monday, November 20, at 5:30 PM.