Article 2 – Operating Budget

Article 2 – Operating Budget

Yes
2
100%
No
0
No votes
 
Total votes : 2

Article 2 – Operating Budget

Postby Rob C - Moderator » Thu Mar 07, 2013 4:59 pm

Shall the Timberlane Regional School District raise and appropriate as an operating budget, not including appropriations by special warrant articles and other appropriations voted separately, the amounts set forth on the budget posted with the warrant or as amended by vote of the first session, for the purposes set forth therein, totaling $64,422,418? Should this article be defeated, the operating budget shall be $64,418,761 which is the same as last year, with certain adjustments required by previous action of the Timberlane Regional School District or by law; or the governing body may hold one special meeting, in accordance with RSA 40:13, X and XVI, to take up the issue of a revised operating budget only. Note: Warrant Article 2 (the operating budget) does not include appropriations proposed under any other warrant articles. (MAJORITY VOTE REQUIRED)

Recommended by the School Board 9-0
Recommended by the Budget Committee 5-1
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Re: Article 2 – Operating Budget

Postby Rob C - Moderator » Thu Mar 07, 2013 5:16 pm

$150,000 was added to the Timberlane Operating Budget at the Deliberative Session.
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Re: Article 2 – Operating Budget

Postby Rob C - Moderator » Sat Mar 09, 2013 8:22 pm

School Board Notes wrote:Each year, the district’s Budget Committee strives to develop a budget that reflects the achievement goals outlined in the district’s strategic plan while minimizing the tax impact for our communities.

District Warrant Article 2, the proposed district budget for 2013-14, totals $64,422,418. This represents a 2.22% increase from the current 2012-13 district budget of $63,021,817. Both the Budget Committee and the School Board have unanimously recommended this budget. (This has changed since the Deliberative Session where $150,000 was added to the operating budget, the vote is now as stated above)

Some of the major factors affecting the change to the budget are:
• An increase of $819,267 to the NH State Retirement System contribution due to state mandated increases.
• An increase of $513,026 to employee insurance cost due to rate increases by the insurance carrier.
• A decrease in employee salaries of $190, 282 due to staff reductions.

If the proposed operating budget is not approved by the voters, the default budget will be $64,418,761 which is $3,657 less than the proposed budget. The default budget is the same as last year’s budget, with certain adjustments as required by law.
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Re: Article 2 – Operating Budget

Postby Rob C » Wed Mar 13, 2013 10:35 am

Passed
Yes: 1,952
No: 1,193
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