Looking to cut $500,000 from the budget for the 2010-11 school year, Eastwood school officials anticipate about half of the reductions will be in personnel costs.
Brent Welker, school superintendent, recently met with teaching and non-teaching staff members to explain the cutbacks could come in the form of reduced hours or elimination of jobs.
The district is anticipating saving money by the retirement of Mike Gardner, a physical education teacher at Luckey Elementary School, who will be rehired at a lower rate.
Welker said the district will also be able to use federal funds to meet expenses for services for special needs students billed through the Wood County Educational Service Center. The anticipated savings is $175,000.
Another $30,000 in savings through the Educational Service Center will be realized through changes in administrative overhead, he said, and additional savings will be made by reducing budgets for items such as textbooks and technology.
“The larger issue will be the efforts needed to bring the fiscal year 2012 budget into balance,” Welker said.
He warns in his district newsletter that while budget cuts to be in effect for the coming school year will have a minimal impact on students, future reductions will likely be in the range of $750,000 – which will have an effect on the classroom.
“In the fall we will begin community engagement activities to discuss what those cuts could look like,” he writes.
As of May 7, district revenues reached $14.32 million, about $305,512 more than in fiscal 2009. Expenses, as of May 7, reached $11.6 million, about $20,427 less than the district spent at this point last year.
Personnel costs so far this year are only $2,165 more than this time last year at $6.98 million.
The district has spent $107,186 less this year on purchased services - $692,077 as of May 7 – compared to last year and has spent $477,394 so far this year on supplies/materials, which is $123,610 less than it spent last year.
Retirement/insurance costs are about 2.2 percent higher as of May 7 compared to last year: $2.21 million to $2.17 million.
Eastwood voters on May 4 supported the renewal of a 4.3-mill, 5-year property tax levy.