June 19, 2019

Madison Central to run on $15.4 million budget next year - Daily Leader Extra : Local News

default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

Madison Central to run on $15.4 million budget next year

Font Size:
Default font size
Larger font size

Posted: Tuesday, June 11, 2019 4:37 pm

The Madison School Board on Monday approved a $15.4 million budget for the 2019-20 school year that provides an additional $832,000 in possible spending for Madison's public schools.

Within the spending proposals for the next school year, general fund spending was projected to increase by $266,000, from $8.16 million to $8.42 million. The capital-outlay fund allocation was increased by $421,500, from $1.88 million to $2.3 million.

The bond-redemption fund was increased from $427,400 to $432,800. The $432,800 from bond redemption and another $673,000 from the capital-outlay fund -- totaling $1.1 million -- were dedicated during the 2019-20 school year toward debt service.

Mitchell Brooks, school district business manager, said the Madison Central School District would appropriate $400,000 in its next budget toward early-debt retirement.

The 2019-20 budget for Madison Central includes $2.07 million for the special-education program, $1.26 million for the health plan, $605,000 to operate the district's food-service program, and $256,000 to support pensions. The health-plan fund was the only fund to have a balance decrease, of $21,000. The 2018-19 budget includes $18,500 to operate the driver's education program.

The 2019-20 budget will finance the operations of the school district from July 1, 2019, to June 30, 2020.

To finance next year's budget, Brooks calculated receiving $9.87 million in local revenue that included $7.99 million in local property taxes. State revenue sources are expected to provide another $4.05 million, and federal programs should provide $933,000. Revenue from county sources is expected to amount to $126,400.

After holding a hearing on the proposed budget, the board members approved a property tax request that Brooks will send to the Lake County Auditor's Office for school district property-tax levies for 2020. The levy requests in dollars per $1,000 of taxable valuations for the district's general fund were calculated at $1.473 for agricultural property, $3.296 for owner-occupied homes and $6.821 for commercial property. The school district plans to make a levy request of $1.516 per $1,000 of taxable valuations for Madison Central's special-education fund.

Madison Central also made three tax requests to the auditor's office in dollar amounts of $2.538 million for the capital-outlay fund, $438,000 for the bond-redemption fund and $100,000 in opt-out funding. The school district can request up to $250,000 each year in opt-out funding.

Cafeteria meals

The school board members approved a recommendation to keep school cafeteria meal prices the same for the 2019-20 school year as they were for this school year.

The full prices during the 2018-19 school year were student breakfasts at $1.60, adult breakfasts at $1.75, student lunches at $2.70 and adult lunches at $3.55.

Students who receive the reduced rate for meals will pay 30 cents for breakfast and 40 cents for lunch.

Training exercise

Superintendent Joel Jorgenson announced that law enforcement officers and other first-responders will conduct a training exercise from 6-8 p.m. on Wednesday at the middle/high school complex in northeast Madison.

Jorgenson said he wants Madison residents to know that local officials had asked to use the school building, and first-responders would only conduct training that evening.

Local Videos