Oregon-Davis School Board Transfers $180,000 from Rainy Day Fund to Retirement Fund

The Oregon-Davis School Corporation is tapping into its Rainy Day money to help shore up its Retirement Fund. Superintendent Bill Bennett says the school board agreed last week to transfer $180,000. “In past collective bargaining agreements, we had teacher buyouts or incentives for retiring,” Bennett explains. “And so we moved the money from Rainy Day into the Retirement Fund to cover the cost associated with those buyouts.”

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N.J.-S.P. School Board Approves Capital Projects, Bus Replacement, Crisis Plans

The North Judson-San Pierre School Board finalized a number of annual plans last month. Superintendent Dr. Annette Zupin said the corporation’s crisis plan is similar those used by other schools. “It does have resources available in it, roles, responsibility, who’s responsible for different situations, and recommended protocols,” she explained.

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N.J.-S.P. School Board Transfers $600,000 from Education to Operations Fund

The North Judson-San Pierre School Board is taking steps to close out the budget year. Board members passed a resolution Tuesday to transfer $600,000 from the Education Fund to the Operations Fund. Superintendent Dr. Annette Zupin said that will bring the total amount transferred this year up to the maximum $1.4 million board members had previously agreed to allow.

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Eastern Pulaski School Board Approves $1.2 Million Additional Appropriation

The Eastern Pulaski School Board took action Thursday to fix a shortfall in the school corporation’s Education Fund budget. During a special session, board members approved an additional appropriation, giving school officials permission to spend another $1.2 million beyond what was budgeted for this year. The Education Fund is where teacher salaries are budgeted.

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NJ-SP Officials Discuss Necessary Budget Changes Due to State Policy Passed in 2017

When North Judson-San Pierre school board members met on Tuesday, they discussed an upcoming change that will impact how the school corporation keeps track of finances.

Superintendent Dr. Annette Zupin reminded the board members about a House Enrolled Act (HEA 1009) passed in 2017 that will go into effect on January 1, 2019. This will impact all schools, not just NJ-SP. According to Zupin HEA 1009 will eliminate a few different accounts including the capital projects, transportation, bus replacement and general funds. Those will all be replaced with two new funds; the Education fund and the Operations fund. Continue reading