Schools
NUSD Board to Adopt Budget, Discuss Benefits
The Newark Unified Board of Education is scheduled to meet at 7:30 p.m. Tuesday.
A public hearing on the proposed final budget for the Newark Memorial Unified School District’s 2011-12 fiscal year will be held Tuesday evening, followed by a vote on whether to adopt it.
The hearing will be held during the Newark Unified School District Board of Education’s regular meeting, which begins at 7:30 p.m, at the .
Director of Fiscal Services Robbie Pascual will present a budget report before the hearing and the board is scheduled to voted on adopting the proposed budget later in the meeting.
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District staff are recommending that funds be allocated accordingly:
Description
Find out what's happening in Newarkwith free, real-time updates from Patch.
Total Budget
General Fund
$50,559,473
Adult Education Fund
$184,710
Child Development Fund
$688,203
Cafeteria Fund
$2,157,623
Deferred Maintenance Fund
$0
Special Reserve for Other Than Capital Outlay
$0
Building Fund
$10,000
Capital Facilities Fund
$10,360
Special Reserve for Capital Outlay Projects
$0
Bond Interest and Redemption Fund
$5,066,635
Tax Override Fund
$0
Postemployment Benefits Self Insurance Fund
$723,479
Property and Liability Self Insurance Fund
$340,000
The proposed budget totals $59.7 million, according to the district’s report.
The second reading of a bylaw that outlines the remuneration, reimbursement and other benefits of board members is also listed on the agenda for Tuesday’s meeting.
According to the proposed bylaw, the Board of Education has decided to phase out district contributions to board members’ medical insurance premiums over a five-year period, but will maintain a contribution of 100 percent of insurance premiums for dental and vision plans.
In closed session, the board is scheduled to discuss the search for a new superintendent. Last week, Board President Charlie Mensinger said t during a closed session on June 18.
For more information on either item mentioned above, see the attached PDFs above. To download the board agenda, click here.
Editor's Note: Previously, our report had the incorrect figure for the district's total proposed budget. The correct total is $59.7 million.
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