CARMEL CLAY SCHOOLS - Center Grove Elementary School



CENTER GROVE SCHOOLS

BOARD OF SCHOOL TRUSTEES

CENTER GROVE COMMUNITY SCHOOL CORPORATION

BOARD OF SCHOOL TRUSTEES

ADDITIONAL APPROPRIATION RESOLUTION

WHEREAS, It has been determined that it is now necessary to appropriate more money than was appropriated in the annual budget, now, therefore:

Sec. 1. Be it resolved by the Board of School Trustees of Center Grove Community School Corporation, Johnson County, Indiana, that for the expenses of the taxing unit the following additional sums of money are hereby appropriated out of the funds named and for the purpose specified, subject to the laws governing the same:

AMOUNT AMOUNT

REQUESTED APPROPRIATED

GENERAL FUND:

10000 Instructional Services $ 371,072.46 $ 371,072.46

20000 Support Services $ 212,861.34 $ 212,861.34

30000 Community Services $ 12,536.76 $ 12,536.76

TOTAL FOR GENERAL FUND: $ 596,470.56 $ 596,470.56

Adopted this 20th day of April 2009.

AYE NAY

ATTEST:

Carol Tumey, Secretary

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Agenda Item

Action

Administrator

Paul G. Gabriel

Date of Meeting

April 20, 2009

Background Information

This resolution appropriates cash in the General Fund and establishes the specific purposes for which the money may be spent. The need for this additional appropriation was discussed at the last Board meeting. The purposes of this additional appropriation are:

1. Teachers Retirement Fund Payment ($425,292.15) – This is the amount of the fourth quarter of 2008 that was paid to TRF in 2009.

2. Public Employees Retirement Fund Payment ($76,188.99) – This is the amount of the fourth quarter of 2008 that was paid to PERF in 2009.

3. Health Insurance ($44,989.42) – This is the amount necessary to pay for health insurance benefits for the second half of 2009 for a few General Fund employees who had their benefits restored by Board action.

4. 2008 Expenses Moved to 2009 ($50,000) – This is the amount of 2008 expenses that could not be funded in 2008 and were moved into 2009.

Total of the above four items: $596,470.56

Hearing:

The Board meeting on April 20, 2009, has been advertised as a hearing on the above additional appropriations. The appropriate sequence of events would be as follows:

• Administration explains recommendation

• The Board holds the public hearing

• The Board considers any public comments and asks any questions of the administration

• The Board approves the additional appropriation resolution

•

Recommendation

It is recommended that the Board hold a hearing and approve the attached resolution for additional appropriations in the General Fund.

Title

Hearing and Resolution for Additional Appropriation

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