SYCAMORE - Monday evening, Mohawk School Board heard Treasurer Roy Swartz explain the five-year forecast.
Revenue from agricultural real estate is to increase by 2.7 percent and residential by 1.03 percent. Income tax is to grow 7.8 percent.
Swartz pointed out the loss of funds from federal grants also drops in-state funding that makes up 47 percent of the district's income. Due to the failure of the permanent improvement levy, the board transferred $50,000 from the general fund to the capital maintenance fund.
Projected expenditures include no increase in base salary. Insurance costs are expected to increase 1.5 percent in 2013-2014 and 5 percent in the remaining years.
Swartz reminded the board that changes in the insurance plans will save $39,750 this year.
Based on current data, the district's revenues will cover expenses for the next two years.
The forecast and financial statements are to be available on the district's website.
Neli Nutter, elementary principal, reviewed the results of the K-3 reading, math and literacy tests. Nutter described the interventions designed to target at-risk students.
The board took action to:
Approve overnight trips for the junior high to Washington, D.C., May 6-9 and the National FFA Convention in Louisville Oct. 30-Nov 2.
Authorize the superintendent to execute an agreement with W.A.T.C.H. TV.
Issue supplemental contracts for extracurricular activities.
Approve Nov. 15 as a waiver day of instruction to be used for professional development for teachers. Students will not attend school Nov. 15.
Adopt the five-year financial forecast for fiscal years 2014-2018.
Approve board policies that were introduced at the previous meeting.
In personnel issues, the board approved one-year contracts for substitute cafeteria workers and teacher's aides and certificated teachers.
The position of substitute intervention is to be paid at the rate of $10 per hour.
Resignations were accepted from Katelyn Hade, HS basketball cheer advisor and Marr Grieves, freshman boy's basketball coach.