NEW LONDON -- The New London-Spicer School Board approved the budget for the 2012-2013 school year and established the filing dates for school board candidates at the regular meeting Monday.
The budget includes total revenues of $17.9 million and expenditures of $17.4 million, with general fund revenues of $13.1 million and expenditures of $13 million.
The expected unreserved general fund balance on July 1, 2012 is expected to be $105,419, according to the proposed budget presented by Todd Netzke of School Management Services, the district's business management provider.
The July 1, 2013, unreserved general fund balance is projected to be $116,309, about 1 percent of the district's annual expenditures.
The district expects to gain $351,961 in revenue, due to increases in literacy aid and special education state aid, plus the voter-approved $500,000 per year technology levy and $50 per pupil more in state funding.
The expectations are for an increase of $88,785 in expenditures. The district made $228,674 in budget cuts, about three percent, this spring, but will pay $166,877 more for purchased services like curriculum/assessment contracting, substitute costs and the contract with School Management Services.
The board also passed a resolution establishing the dates for candidates to file their affidavits of candidacy for the Nov. 6 election. The filing period is July 31 to Aug. 14. Three seats, those currently held by Renee Nolting, Michael O'Brien and David Kilpatrick, are up for election. Each is for a four-year term.
Superintendent Paul Carlson informed the board that the State Department of Education has approved the district's plan to bond for $1.395 million in capital improvement facility funds.
The 10-year bonds, approved at the board's May 29 meeting but subject to state approval, will help the district fix a long list of projects that have been delayed. The list includes replacing the middle school playground equipment and resurfacing the playground blacktop, resurfacing parking lots, coating roofs on the high school/middle school building, new tennis courts, intercom systems, masonry projects, HVAC work at Prairie Woods Elementary, technology infrastructure work and new scoreboards for both the indoor and outdoor sports venues. There is no additional cost to the district taxpayers as the general obligation bonds will be paid with existing tax levy amounts.