MOUNDSVILLE - Instruction, maintenance and capital improvements account for a large amount of the proposed 2014 fiscal year budget for Marshall County Schools.
County residents will have the chance to comment on the district's proposed $55.7 million budget during Tuesday's board of education meeting. The budget has been available for the past week for public review.
The proposed budget, which totals $55,784,155, includes $2 million for renovations at John Marshall High School, listed under the capital projects fund. Assistant Superintendent Wayne Simms said the money is being set aside as outlined in the excess levy call, which voters approved in December. The passage of that levy also gave the district permission to borrow $6.5 million toward the project to be combined with the funds generated from the excess levy.
Simms said the district will repay the loan, which has not yet been obtained, over five years, setting aside $1.3 million for the upcoming year. Additionally, the district is setting aside $700,000 to supplement the loan repayment program. He said the district will begin seeking lenders in the coming weeks.
The capital improvements fund also includes $2.7 million for the new Cameron High School, which Simms said accounts for retainage, or an agreed upon amount of money that was withheld until substantial completion of the project, to be paid to companies involved in constructing the building. He said once all punch lists and change orders are completed and the school is completely finished, that money will be paid to the companies.
"Then the project will be officially finished," he said, adding that money includes change orders approved over the past few weeks, including the addition of a new cooling tower for the HVAC system.
Of the more than $55 million budget, roughly $41 million is designated as coming from local sources. The district is expected to receive $8.1 million from state aid, and another $5.8 million to be allocated for retirement and insurance.
Instruction is listed as the main expenditure, accounting for an expected $29.3 million. Other expenditures include:
- $1.5 million for supporting services
- $220,618 for instructional staff
- $1.5 million for central administration
- $3.1 million for school administration
- $1.1 million for central services
- $6.6 million for operation and maintenance of facilities
- $4.4 million for student transportation
- $1.7 million for food services
The public hearing on the budget is listed under new business on the agenda for Tuesday' meeting, which is set to begin at 6 p.m.