October 19, 2018 at 7:30 AM - Budget Committee Meeting

Description:  The HR Committee met on Tuesday, October 16th to discuss options for pay increases for all employee groups for the 2018-2019 school year.  Connie Beth and I presented an update on the projected level of available funds, and illustrated options for the committee to consider and provide input.  The HR Committee has a recommendation for the Budget Committee to consider.

The Budget Scenario for Available Funds for Staff Compensation for 2018-2019 includes:

The 3rd draft of the budget allocated $895,000 to salary increases.
The enrollment increase of 43 students over budget projections = $100,000
The HR Department’s review of savings from retirees / resignations to new hires = $150,000

The total funds available for 2018-2019 salary increases = $1,145,000 

The HR Committee's Recommendation Includes:

Percentage Increase (2.13% for Teachers and 2.75% for Other Employee Groups)
Partial Points for Teachers ($900)
Full Catch-up Pay for Other Employee Groups
Cost of this Option = $1,139,306 which is  $5,694 under the funds available for 2018-2019.

Connie and I will bring detailed information to the meeting for you to review.