The Knox School Board is expected to adopt the school corporation’s 2019 budget tonight. It calls for a total budget of more than $20.1 million.
One of the major changes is the consolidation of four of the corporation’s funds into two, as part of Indiana’s overhaul of the school funding structure. To get ready for the change, the Knox School Board will consider a series of resolutions to establish the new Education and Operations funds and transfer the necessary money into and between them. The school corporation is expected to budget just over $9.1 million in its Education Fund in 2019 and more than $6.4 million in the Operations Fund.
Also during tonight’s meeting, the school board is expected to get an update on the corporation’s enrollment, which determines how much state funding the corporation gets for its Education Fund. To help make the school corporation’s finances go further, board members will consider a recommendation to invest some money in a certificate of deposit. Superintendent Dr. William Reichhart has suggested that the corporation could bring in an extra $20,000 a year by moving $2 million in cash reserves into a CD.
In other business tonight, officials from NIPSCO and Lockheed Martin are expected to present a check, and a few donations will be up for the board’s approval. Board members will also consider changes to the field trip approval policy, as well as the retirement of Transportation Director Mark Jensen and two other employees.
Tonight’s Knox School Board meeting starts at 6:30 at the Knox Schools Administrative Office.
