County BOE expects up to $2 million loss in proration
Published 9:25 pm Monday, December 22, 2008
This week's proration declaration was fresh on the minds of members of the Escambia County Board of Education at Thursday's meeting in Brewton.
Chief Financial Officer Julie Madden addressed the board with a review of the monthly financial statement.
Madden informed the Board that the figures did not include the 25 percent November allocation from the state that totals approximately $566,000, but added they had received a letter from the state saying it should arrive Dec. 19.
Superintendent Billy Hines then addressed the Board about the proration, reminding them that because of money from the rainy day fund it had been dropped from 12.5 percent to 9 percent.
Hines expressed his own displeasure with the money loss, but recognized the Board's efforts to save as much money as possible.
Hines added he plans to make a list of cost cutting measures to present to the Board in January, but that it would not be possible to eliminate enough costs to wipe out the loss.
Hines said what changes can be made to cut costs will be made, but if things remain the same then next year there will be a minimum $2.1 million loss to the general fund.
Next on the agenda was Dr. Neil Hyche from the State Board's presentation on the PEPE evaluation of Hines.
Hyche said the evaluation is an evaluation of management skills and there are eight steps to the process, including administration evaluations and board evaluations. Hyche said there is no real timeline for the evaluation to be completed, but that it will be next year.
In other business, the board: