The Dale Board of Education this week approved property and casualty insurance for 2021-2022, but will be paying more for it.
Kyle Rosebure, representing OSIG, informed the board the $127,000 premium they would be paying for the insurance is a 20 percent increase over a year ago. “It’s the same insurance with the same deductible,” he told board members.
He also noted, “the OSIG program is solid. They’ve been in this business for about 20 years.”
The board voted to use Pottawatomie County Education sales tax funds to pay for the insurance premium. Acting School Supt. Ky Wilkins has mentioned several times in previous board meetings he’s wanted that fund to build up so it could be used to pay for the 2021-2022 insurance.
Board members also approved open transfer requests for about 200, Wilkins advised the board. “That’s about normal,” he added.
In other action, board members approved hiring Tena Sanders in a support staff capacity for 2021-2022.
They also approved hiring of support staff in a capacity to be determined by the administration.
The board reorganized electing Roger Batt as president, Ronnie Newton as vice president and Josh Clark as clerk.
During his superintendent’s report, Wilkins reviewed a detailed financial update comparing the current fiscal year to the previous one.
He presented figures showing through May of this year the district has spent $179,033 less than a year ago in May.
Actual local revenue received is $51,581 more than through May of 2020 and the building fund is $5,107 above what it was a year ago.
The district’s cash balance is $510,555, $175,408 down from a year ago’s $685,963, he said.
That’s primarily due to a decline in state aid the district has received.
Through May of this year, the district has received $2,635,441 in state aid. That compares to $2,977,100 last year, Wilkins said.
Stimulus money received by the district totals $430,692 and it must be spent within the next three years, Wilkins explained.
The county educational sales tax fund balance through May is $285,531, Wilkins advised the board.