BREAKING NEWS

BREAKING NEWS

IM Schools budget OK’d

By LINDA LOBECK

Staff Writer

IRON MOUNTAIN – The Iron Mountain Public Schools Board of Education approved a resolution Monday for the adoption of the general appropriations for the 2014-15 fiscal year with a general fund totaling $7.5 million.

The board also authorized the tax rate of 17.937 mills to be levied on non-Homestead and non-qualified agricultural property for the 2014-15 year.

Revenues – including state, local, federal and other financing sources – total $7,529,516 plus an unassigned fund balance of $249,992 for $7,779,508 available to appropriate.

Expenditures total $7,510,955 in the general fund, including instructional, support services, and community services.

At the meeting, the board also approved a resolution for state aid borrowing. Jayne said that this is an annual resolution that the board needs to pass since the district doesn’t have enough money to deal with cash flow needs during certain months.

He added that the non-Homestead millage is up for renewal in August and they are looking to continue with the same millage of 17.937 for another 10 years. This millage is levied on secondary homes or businesses, not primary residences.

With the bond project in full swing, Jayne said they meet once a week with the contractors and project managers to go over what’s going on. He said that $686,000 is left in two funds – $380,000 in an emergency/contingency fund and an additional $306,000 to address any Central addition needs in 2015-16.

“We still have $686,000 left over after we install three state-of-the-art high school/middle school science lecture lab rooms in 2014-15 as well as the renovation of the auditorium with 376 alumni seats being installed and new paint and carpeting and north face windows installed. These two projects were not originally planned to this extent, but we made the budget work to include these major renovations and still have more than $686,000 left over to make more district-wide improvements in 2015-16,” Jayne said.

One of the more visible changes to the high school right now is the elimination of stairs at the west end that will be capped off.

Going along with the new website and plans to advertise the district more in the upcoming year, Jayne noted that the school district will have a presence in the Fourth of July Parade this year.

“Our student athletes and club participants will be marching with a large Iron Mountain banner and will be passing out Mountaineer goodies to share with the public,” he said.

President Jeff Michaud read a letter from the Dickinson County Board of Commissioners praising the school district for sending students to attend their board meetings. The letter noted how well-behaved the students were at the meetings.

Jayne told the board about a letter that scholarship administrator Mel Laydon is sending to all families of students in grades 7-12 outlining the many scholarships available to students attending the school district.

She said, in her letter, that there are currently $4,817,248 of assets under control of the Iron Mountain Scholarship Board of Trustees and that money is used for the sole purpose of producing scholarships for graduating seniors of IMHS. There are 53 scholarships that fall under the trustees’ control and donors also fund several scholarships annually.

During the past school year, the district received more than $250,000 in donations to add to the scholarship totals with scholarships for many different areas of study. She added that since its inception in the 2003 school year, $476,000 in Richard W. Carlson Memorial Scholarships have been awarded and that is only one of the funds.

She explained that the General Scholarship is unique in that monetary contributions of any amount can be donated to the fund. The first scholarships were awarded in 1990 and since that time the fund has assisted more than 102 graduating seniors with a total of $199,100. Recently an anonymous donation of more than $121,000 was added to the General Scholarship fund bringing that current worth to $372,820.

The school is currently examining a new scholarship opportunity and that will hopefully be unveiled soon as a new addition to the program to assist even more graduates, Laydon said.

In other action, the board:

– Hired Leah Rankin as the Iron Mountain Honor Society adviser; Nicole Lawler as the North Elementary lead teacher; Maryann Boddy as the IMHS Student Council adviser; and Scott Jauquet as the assistant junior varsity football coach.

– Heard that Derrick White will be starting on July 1 as the new technology coordinator for the school district.

– Moved the July 14 board meeting to July 20 at 6 p.m. in the Izzo-Mariucci Center.