Governing Board Meeting

Note 1: General Fund (see handout)

Note 2: Transportation & Capital Projects Funds already approved for 2012-2013 and 2013-2014 Request approval for 2014-2015 of 3% increase.

Other than adjustments that have been made to better align compensation with responsibilities and results or increment increases for certain teachers, there have been no raises the past two years. Neither have there been stipends paid. Your employees have worked diligently and faithfully to pare back costs and increase productivity. Consideration of a stipend of $500 for employees who received an increment the past two years and expect to return next school year and a stipend of $1,500 for all other full time equivalent returning employees who do not receive an increment is being requested. Total value: $58,000.

General Fund, Capital Projects and Transportation

Mrs. Payton is requesting permission to transfer appropriations within each fund to balance out the fiscal year end.  This process is done annually.  No transfers are made from fund to fund, only with each fund.

Three banks responded to our request for proposals. Heartland was the lowest proposal continuing with no fees. National Bank of Indianapolis does offer certain special considerations for non-profits. We recommend staying with Heartland for our regular operating funds and transferring our current account from Regions to National Bank of Indianapolis.

June 20, 2012, 7:00 p.m. - Adult Education Graduation Ceremony - Greenwood Community High School Auditorium

August 6-7, 2012 - Teacher In-Service

August 8, 2012 - First Day for Students