GAINESVILLE - The Hall County School System is on track to end the current fiscal year with a balance of $14.5 million but expenditures will have outpaced revenues by about $10 million.
Lee Lovett, Deputy Superintendent, presented the figures to the school board Monday during a budget update.
The budget for the coming year shows expenditures of $196.7 million compared to $218 million just four years ago.
Lovett said salaries and benefits for the Fiscal Year 2012 are projected to make up approximately 87.5% of the total budget.
The projected tax rate is 17.67 mills based upon the "roll up" rate and can be expected to generate about the same amount of money as last year, $77 million, according to Lovett.
Schools Supt. Will Schofield said last week in discussing the proposed budget that it would not require a tax increase.
At Monday night's board meeting, Lovett went on to says tax exemptions have grown by 4.6% this year and now total almost $950 million and now equal almost 19% of the tax digest.
The school board is placing community input on the budget for its June 13 work session. Any citizen who would like a hard copy of the budget documents can do so by e-mailing Lee Lovett at [email protected].
SPLOST REQUESTS
SPLOST III funding was approved for $118,000 for radios and video equipment for school buses; $500,000 for student technology devices including laptop carts at schools that have technologically not kept pace with some of their peers; $88,028 for additional share point "cloud" servers; $16,000 for infrastructure at the World Language Academy and $13,962 for the Advanced Scholars Academy at Riverbend Elementary.
SCHOOL CALENDAR
The FY 2011-12 school calendar was approved as modified and is available on the district website: http://www.hallco.org
It shows schools opening on Monday, August 8, and closing on Thursday May 17, with at least one day each month when there will be no classes, except August and March.
Schools would be closed for one week for Thanksgiving, Nov. 22-25; from Dec. 19-Jan. 3, for Christmas holidays; and, Apr. 2-6 for Spring Break.
Tuesday
October 15th, 2024
4:30PM
