By Jennifer Lenain, Item Staff Writer
The Picayune Item
Picayune School District Finance Director Lisa Penton gave a PowerPoint presentation on Tuesday detailing the district’s proposed 2013-14 budget and compared it to years’ past.
The district’s fiscal year runs from July 1 through June 30 of the following year and the proposed budget for the upcoming school year is set at approximately $24.2 million.
The fund balance estimate that is projected for June 30, 2013 is $4.6 million and the “best estimate” for the fund balance in 2014 is about $4.7 million, Penton said.
After the budget hearing, during the regular board meeting, board members approved an Ad Valorem Tax Resolution requesting $8.2 million in tax revenue from the city of Picayune for local revenue supporting general operations for the upcoming school year.
That $8.2 million is the same amount of money that was requested from the city for the current school year. This will be collected through the application of local millage rates.
“As of now, we are not asking for a tax increase,” Penton said. “I am not going to say taxes won’t go up.” Officials will know more in August.
The school board plans to adopt the new budget at its next meeting, scheduled for June 25.
The board tabled the discussion of quotes for property, liability, crime and errors and omissions insurance and will make a decision on the quotes from the various insurance companies seeking the business at the next scheduled meeting. All policies renew on July 1.
In other district news, the board approved consideration of the agreement for field placements, or student teachers, with Mississippi State University. Student teachers from the school will be placed within the district during the upcoming school year.