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McKenzie Special School District Work Session Previews Tuesday’s Budget Vote

Posted

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.

The 2019-20 salary schedule includes a starting salary of $38,350 for a first-year teacher with a bachelor’s. Each additional level of education and year of service increases the salary, with a 20-year teacher with a Doctorate earning $63,820.
Of McKenzie’s 101 instructors, 39 have at least 20 years of experience, and 45 percent hold at least a Masters.
There are no proposed meal price changes for the coming year, and the cafeterias will again provide free breakfast.
The total outstanding principal and interest on the district’s bonded debt is $2,606,400 with the final payment due on April 1, 2022.
The work session lasted just over an hour. Board members Jon Davis and Greg Barker were not present.
The board will vote on the FY 2019-20 budget at a meeting on Tuesday, June 18 at 5:30 p.m.

McKenzie, MSSD, Budget