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Deficit

Tuesday, September 18, 2012

School Board Passes Budget Continues to Search for Auditor

The district's budget will include 2 percent in its reserves, below the 3 percent required by the state.

The Manatee School Board cut $6 million from its budget in order to deal with a budget crisis that threatened to leave the school district with a budget deficit. The cuts hit some of the county's neediest the hardest. The Herald Tribune reported: the casualties included a program that helps the county's poorest teenagers and the positions of specialists who work with special education students. The budget also includes leaving some vacant positions unfilled and bonuses for employees who choose to retire. Robert Gagnon, the interim district superintendent, suggested the cuts to get the district through the next year without cutting teacher salaries or promised bonuses. The school board approved the $555 million budget with the understanding…

Tuesday, September 11, 2012

Budget Mistakes Lead to Large Deficit for Schools

Tim McGonegal sent a memo to the School Board about the deficit on the same day he announced his resignation.

On the same day Superintendent Tim McGonegal made a suprise announcement that he planned to retire, he informed the School Board in a memo that the district faces a $3 million deficit. After months of optimism about the schools budget, so much so that the board had considered a pay raise for teachers, the district must now consider a hiring freeze and possible scaling back teacher raises. What led to the unexpected budget gap? In his memo to board members, McGonegal said: In total, teacher salaries and benefits were $6.7 million over budget in 2011-12. In addition, his memo said the district had neglected to budget $700,000 for text books and another $480,000 for teachers at the district's virtual schools. McGonegal then laid out a plan …

leonard aldridge

7:52 pm on Tuesday, September 11, 2012

How bout they eliminate some of the dead wood in the administration building. Obviously they are incompetent or just don't care.   more ›

Tuesday, April 26, 2011

School Board Weighs Options On $9.4M Health Care Plan Deficit

Chairman Bob Gause said the problem needed to be dealt with because it has become a distraction to the board working on other issues.

Looking to bring the problem of a $9.4 million shortfall in the Manatee County School District health care insurance fund closer to a resolution, Chairman Bob Gause asked his fellow Manatee County School Board members to discuss the issue Monday. Gause passed out a colored chart that illustrated the performance of the fund over the past 10 years, explaining that Schools Superintendent Tim McGonegal needed direction from the board on how to proceed in filling this funding gap. The school board is getting prepared to develop the budget for the next fiscal year, July 1, 2011-June 30, 2012, and Gause wanted to get a consensus from the board if it wants to follow the plan it approved last September of paying down the debt over three years or to…

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