Written by Gary Simeone Saturday, 19 April 2014 00:00
In order to meet the necessary budget requirements, the Glen Cove School District will reduce school staff members, starting in the 2014-15 school year. One administrative staff member and nine instructional staff members will be let go, according to Superintendent
Maria Rianna’s report at the Monday night school board meeting. Staff reductions will also be made to teaching assistants, school monitors, substitute teachers and custodial and maintenance workers. The total savings for the district is $1,227,669.
As of March 31, revenues for the district total $79,281,428. The revenues include the tax levy ($64,780,719), P.I.L.O.T.s ($1,908,060), tax on consumer utility bills ($1,250,000)n use of reserves ($1,250,000), State Aid ($8,751,799), all other revenues ($635,850) and appropriation of unassigned fund balance ($750,000).
The total appropriations for the district are $80,509,097 and revenues are $79,281,428 with a budget gap of $1,227,669.
Assistant Superintendent for Business Victoria Galante explained the tax levy limit in the 2014-15 proposed budget. She said that the 2014-15 tax levy is $64,780,719 compared to the 2013-14 levy, which is $63,770,937. This is an overall increase of 1.58 percent with a total figure of $1,009,782.
Her report included a detailed explanation of each of the budget revenues and appropriations.
There is a slight increase in P.I.L.O.T.s for 2014-15 with a total of $1,908,060 compared with $1,583,090 in 2013-14. This is an increase of $324,970. There is also a small increase in the state aid amount for the district, with a figure of $8,751,799 compared with $8,041,163 in 2013-14.
In the budget appropriations, the TRS (Teacher’s Retirement System) had the biggest budget to budget increase with a figure of $6,334,000 in 2014-15 compared to $4,850,477 in 2013-14. This was an increase of $1,483,523. The workmen’s compensation saw a major increase in 2014-15 with a figure of $515,000 compared to $2 in 2013-14 because of the use of reserves in this budget line.
Life insurance was one of the few lines to have an overall reduction with a figure of $6,450 in 2014-15 compared to $9,420 in 2013-14.
“It’s nice to have some reductions to offset some of the increases,” said Galante.
The next school board meeting will be May 5 at the middle school at 8 p.m. There will be a budget hearing on May 7 at 7:30 p.m. at the high school.