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Wednesday, July 11th, 2012
By Betty Lawrence
Coldwater school district in the black
  COLDWATER - Coldwater schools ended fiscal year 2011-2012 over $600,000 in the black, treasurer Michelle Mawer reported at Tuesday's board of education meeting.
Total revenue was $12,971,731.27 while total expenditures were $12,355,752.07.
Mawer attributed the favorable budget to a higher than usual collection of property taxes and income taxes.
"We're also saving money on the insurance plan, and don't forget, we will be collecting money from the levy that was voted in last spring," she added.
In March, voters approved a 4.1-mill operating levy that will bring in $550,000 annually for five years beginning in 2013.
Board member Todd Bills noted he was pleased with the excess money.
"We thought we were falling off the cliff," he said.
The five-year financial forecast still shows a shortfall in fiscal year 2013 of nearly a half million dollars. The district is losing stimulus money and an additional $500,000 due to the state phasing out the tangible personal property tax.
In other action, board members,
• accepted donations from the athletic boosters of $4,345.50 for football headsets and $4,661.75 for a track and cross country timing system.
• heard annual reports from representatives of the academic promoters, parent teacher organization, athletic boosters and band boosters. The board lauded the work of the groups, and it was noted volunteers are always needed to help implement the programs.
• approved the Body Mass Index (BMI) screening program waiver for the upcoming school year.
• approved extended service days for the upcoming school year for 10 employees and three Tri Star instructors and approved $900 one-time payments to a number of non-certified employees who took the alternate PPO insurance for the new school year in lieu of furlough days.
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Print and E-Edition only stories for this date
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Saturday Night
71°
Mostly Cloudy
13%
Sunday
88°
Chance Thunderstorms
30%
Sunday Night
69°
Partly Cloudy
13%
Monday
87°
Partly Sunny
12%
Monday Night
66°
Partly Cloudy
11%
Tuesday
87°
Partly Sunny
10%
Tuesday Night
67°
Slight Chance Thunderstorms
16%
Wednesday
82°
Chance Thunderstorms
34%
Wednesday Night
62°
Mostly Clear
10%
Thursday
78°
Mostly Sunny
5%
Thursday Night
58°
Mostly Clear
5%
3 Day
Extended
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