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The Santa Rosa County College Board on Thursday morning reviewed the tentative finances proposal for the upcoming 12 months, which, regardless of being smaller general, featured large investments in services and worker wages.
In all, the upcoming finances is slated to take a seat at about $477 million, though the district’s Assistant Superintendent for Finance Susan McCole warned it’s a proposed finances and may change.
The district may have over $28 million much less to make the most of this upcoming 12 months, the majority of which is dominated by a big lower in particular income. McCole defined the district may have much less cash in that designation as a result of it consists of funds from the American Rescue Plan and the Elementary and Secondary College Emergency Reduction Fund, each of which took place as a response to the coronavirus pandemic.
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The district may have a complete millage fee of 5.56, down nearly 6% from the 5.90 fee final 12 months, however the district continues to be set to usher in extra money due to rising property values.
“Please do not forget that that’s set by the state, we don’t set that,” McCole mentioned.
Trying on the basic working fund, 74% is supposed to be spent on expertise within the district by way of each salaries and worker advantages. For 2022, the district spent about $138 million on salaries and $45 million in advantages. These totals are projected to extend to roughly $147.5 million and $49 million respectively for the approaching 12 months.
“So, you possibly can see the salaries have grown (by) that $9.5 million so far as the appropriations and a part of that’s because of the required minimal wage enhance that was implement this 12 months by the state, which price the district $1.7 million,” McCole mentioned.
The district additionally tentatively budgeted quantities for particular capital initiatives throughout the county subsequent 12 months together with:
- $215,000 for lined batting cages at Central College
- $471,000 complete for 2 separate reroofing initiatives at Gulf Breeze Elementary and Center faculties
- $750,000 for HVAC renovations at Locklin Technical Faculty
- Nearly $2 million for a six-classroom addition at Milton Excessive College
Trying to the long run, the district is slated to finances $19.75 million subsequent 12 months for the brand new south finish highschool deliberate for the Halfway space. Assistant Superintendent for Administrative Companies Joey Harrell defined that quantity is only one half in working to finance constructing the college.
“That really is simply the sum of money that we’ve budgeted from this 12 months’s capital outlay finances to assist finance that faculty. In different phrases, it’s going to lower the quantity of {dollars} that we’ll be in search of (from different avenues),” Harrell mentioned on the finances presentation.
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In all, a number of district officers mentioned they have been happy with the work they’ve finished whereas bringing in much less funding than close by counties.
“To have the educational success that we’ve on this district with the quantity of comparatively little funding is kind of an accomplishment and one thing this district ought to be very happy with,” mentioned Board Chair Wei Ueberschaer.
The college board may also host two public hearings on the finances July 28 and Sept. 8 earlier than it’s finalized.
“We have been superb stewards of our tax {dollars} and have to be very considerate, in fact,” mentioned Superintendent Karen Barber.
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