By Betsy Finklea
The 2012-2013 budget was presented to the Dillon District Four Board at their meeting on Monday night by Art McMillan.
McMillan reviewed the budget highlights. He said there was an overall budget increase of 7.72 percent over last year’s budget from $20,767,091 to $22,369,455.
All employees, except district level and school level administrators, will receive a two percent increase. Employees with less than 22 years experience will receive a step increase, which McMillan said for many will be about two percent.
The budget is based on a $2,012 base student cost. The budget also includes a 23.68 percent increase in property and casualty insurance from $230,123 to $284,633 and an additional school resource officer at Lake View High School.
The proposed revenue budget is $22,265,745, comprised of $5,432,690 from local sources and $16,833,055 from state sources. The proposed expenditure budget was $22,369,455. This would mean that the expenditures exceeded the revenues by $103,710. To balance the budget, $103,710 was transferred from other funds to make up the difference.
McMillan noted that salaries and fringe benefits make up 84 percent of the budget. The budget supports 359 positions.
The motion to accept the budget was made by Trustee Burt Rogers and was seconded by Kenneth Bethea. The motion passed.