School Board adopts budget Expenditures expected to be $7,128,695 by M. Jill Karolevitz The Vermillion School Board adopted its 2001-2002 budget during its July 9 meeting.
Total general fund expenditures for 2001-2002 are expected to be $7,128,695, compared to $6,956,230 for 2000-2001.
The majority of the increase is due to salaries and benefits, which comprise about 80 to 85 percent of the budget, according to Sheila DeSmet, business manager.
Total salary expenditures are budgeted at $4,673,087, compared to $4,461,222 last year. DeSmet added that health insurance costs went up 16 percent, which amounts to a $1,088,290 budget, an increase of $73,197 over 2000-2001.
Regular program instruction for the high school, middle school and elementary schools, has been tallied at $3,827,975 for the coming year, compared to $3,816,752 budgeted last year.
Support services, including counseling, staff development, health services, principals, superintendent's office, director of curriculum, business office services, plant operation and groundskeeping, are budgeted this year at a total of $1,948,250. The 2000-2001 total was $1,891,548.
Co-curricular activities, including boys' and girls' athletics, cheerleading, vocal and instrumental music programs, debate, oral interp, drama, student publications and class advisors, have been budgeted for 2001-2002 at $237,480. That's an increase of $6,165 from last year.
The general fund also has a $145,000 contingency fund � unchanged from last year.
Capital outlay expenditures have been budgeted at a total of $1,009,907. That includes $268,777 for construction and improvements and $114,850 for technology.
Special education expenditures are budgeted at $952,705. The bond redemption fund is $286,600 for 2001-2002, and the pension fund for early retirement payments totals $94,550. The capital projects fund has a budget of $1,310,000, which includes the high school construction project and Jolley School air conditioning costs.
In other business, the school board also reorganized for the new year.
Floyd Boschee and Nick Merrigan were sworn in for three-year terms � both were unopposed in their bid for re-election. Tom Craig will serve as board president, while Merrigan was elected vice president.