News and Tribune

Education/Schools

October 22, 2013

Insurance discussed at NA-FC schools meeting

Rates up slightly, difference paid by employees

(Continued)

NEW ALBANY — Budgets

The board also unanimously passed all three budgets that came to a vote at Monday’s meeting.

Gardenour indirectly asked Fred McWhorter, chief business officer, where room was made in the capital projects fund for the company it hires out for various media projects, ProMedia.

He said some of the money it uses for the company is in the capital projects budget, including business services, miscellaneous consulting services, and technology budgets.

Gardenour didn’t ask how much was spent on the company, nor did McWhorter say.

Overall, the 2014 budget is about $580,000 slimmer than last year’s. With the debt for the pension/debt fund paid off in 2013, the board requested about $1.29 million less from the Department of Local Government Finance.

It also refinanced toward a lower budget for its debt service fund, bringing that down by about $311,000.

But they’re asking the same amount for their general fund as they did in 2013 at $71 million and just more than $1 million more between its capital projects, transportation and rainy day funds.

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