Welcome to our new web site!
To give our readers a chance to experience all that our new website has to offer, we have made all content freely avaiable, through October 1, 2018.
During this time, print and digital subscribers will not need to log in to view our stories or e-editions.
McKENZIE (June 11) — The McKenzie Special School District Board of Education held a budget work session Tuesday ahead of a June 18 vote to fund Fiscal Year 2019-20.
The budget outlined by Director of Schools Lynn Watkins includes an unchanged property tax rate of $1.277 per $100 assessed property value. Tax revenues are distributed between the General Fund ($.7256) and Debt Service Fund ($.5514).
The budget includes a two percent across-the-board raise and $1,000 Christmas bonus for all district employees. Food service employees will instead receive a four percent raise.
Estimated revenues and other funds total $11,553,383: $9,201,491 to the General Purpose Fund; $848,977 to the Federal Projects Fund; $774,300 to the Central Cafeteria Fund; and $728,615 to the Debt Service Fund.
Estimated expenditures total $11,848,402: $9,337,620 from the General Purpose Fund; $848,977 from the Federal Projects Fund; $792,090 from the Central Cafeteria Fund; and $869,718 from the Debt Service Fund.
The deficit of $295,022 will come from reserve funds, leaving an estimated $2,623,519 in reserves at the end of the fiscal year.