WESTFIELD TWP. ? Cloverleaf Schools will realize about $500,000 in health insurance savings next school year.
Superintendent Daryl Kubilus said the commission overseeing the district?s finances asked him to come up with about $200,000 to $300,000 in additional cuts to the district?s proposed recovery plan.
Daryl Kubilus
Cloverleaf is in fiscal emergency, which means a five-member state commission oversees all financial decisions.
The school board will not be required to make any cuts, however, because Kubilus learned from Cloverleaf?s health insurance provider that instead of a 10 percent projected increase in insurance premiums, they would increase by only 5 percent, saving $211,000 in fiscal year 2013.
Also, the board found out the district will have two premium holidays instead of one in fiscal year 2013, meaning it only will be required to make 10 health insurance premium payments instead of 11, saving another $320,000.
?We were able to do this without cutting any more programs or taking away any more opportunities for kids,? Kubilus said.
At Thursday?s meeting of the Financial Planning and Supervision Commission, Chairman Paul Marshall said the school board needed to come up with a contingency plan if the November levy fails.
?Not to threaten everybody,? he said, ?but people need to know we would like this additional revenue and that?s what happens if we don?t get it.?
The board has not yet decided whether to ask for an income tax or a levy. A proposed 6.9-mill levy for the November ballot would raise about $3.3 million.
The district has an estimated $677,007 deficit for fiscal year 2012 and about a $2.9 million projected deficit for fiscal year 2013, according to its five-year financial forecast, but this does not take into account the changes in the recovery plan.
The plan, which the Cloverleaf board has presented to the commission, includes some staffing cuts.
The commission is planning to vote on the recovery plan at its June 5 meeting, and the plan has to be submitted to the state superintendent by June 6.
Contact Kiera Manion-Fische at (330) 721-4049 or kfischer@medina-gazette.com.
Print this story Report an innappropriate comment
In order to comment, you must agree to our user agreement
and discussion guidelines.
You must be registered and logged in to post a comment. If you aren't already registered,
click here.
If you are registered, click here to log in.
Need help? Email Us.
colcannon dystonia tourettes gonzaga rosie o donnell soda bread recipe vanderbilt
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.