PRINCETON — The Princeton Elementary School Board has reviewed a tentative multi-million dollar budget for the new fiscal year.
At Monday’s meeting, PES Superintendent Tim Smith presented an executive summary for the fiscal year 2015 tentative budget, showing projected total revenue in all funds of $14,115,625 and projected total expenses of $13,561,289.
Beginning the fiscal year with a FY 2014 unaudited ending balance of $2,631,490, the PES District is projected to end FY ‘15 with an ending balance, on June 30, 2015, of $3,185,826, Smith said.
The projected revenue for the new year does include $2 million in bonds, which the board may not, hopefully, need to issue, Smith said. The district’s revenue got a $164,000 hit in general state aid, due to decreased enrollment and also due to the fact the state is funding on a lower level.
Looking specifically at the largest fund — the education fund, Smith said projected revenue is $8,436,222, which includes a transfer of $1,250,000 from working cash. That transfer amount is a big number, but it is an improved number from last year.
Following Smith’s presentation, the board set a public hearing on the tentative budget at 6:45 p.m. Sept. 29, prior to the next monthly board meeting.
In other business at Monday’s meeting, the board approved a collective bargaining agreement with the PES Federation of Teachers Council, American Federation of Teachers Local 604 for a four-year contract beginning July 1, and ending June 30, 2018. The agreement includes an increase to the base salary schedule of an average 1.75 percent per year.
The board approved up to a 3 percent salary increase for administrators and support staff. The board also approved stipends as recommended by the superintendent.
In personnel business, the board accepted the resignations of Olivia Johnston, Logan special education teacher, and Dawn Molitor as Logan special education aide.
The board approved the hiring of Julie Eisenbarth, Lincoln Elementary fourth grade teacher; Katie Ferrel, Lincoln special education aide; Kim Fisher, Jefferson second grade teacher; Alanna Warren, Pam Whiteaker, Elizabeth Woolley, Jetmire Imeri and Sherri Jones, Jefferson special education aides; and Lynn Shurts, Jefferson one-on-one aide.
The board also approved the hiring of Kevin Scruggs, Logan girls basketball coach; Amy Rynkewicz, part-time social worker; Maxine Sweeney, Logan morning supervision; and retired PES administrator Eleanor Walker as the Douglas library clerk.
Also, board member Steve Bouslog asked for an update on the architectural analysis done on the district buildings by the DLR Group of Chicago firm. The analysis was done, a couple years ago, but it ended there because there was not money to move forward, Smith said. Bouslog recommended the Buildings and Grounds Committee review the report.
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