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• <br /> Board of Directors Meeting <br /> School District 4J, Lane County <br /> 200 North Monroe Street <br /> Wednesday, June 16, 1999 - 7:30 p.m. <br /> TO: Board of Directors <br /> FROM: George Russell <br /> Superintendent of Schools <br /> RE: Reports and Recommendations <br /> VI. PUBLIC HEARING AND BUDGET ADOPTION <br /> 1. Conduct a Public Hearing on the 1999 -2000 Proposed Budget <br /> Oregon law requires school boards to conduct an official public hearing on the <br /> budget approved by the budget committee before adopting a budget for the <br /> ensuing year. The board must adopt the budget by June 30. <br /> I am recommending that the board adopt a general fund budget of $113,955,504 <br /> and a total budget for all funds of $198,541,058, which is an increase over the <br /> budget that was approved by the Budget Committee on May 3,1999. My <br /> proposed modifications to the budget are described below. <br /> The budget that was proposed to the Budget Committee increases expenditures by <br /> 5.4% and uses $3.3 million in reserves to maintain 1998 -99 staffing ratios and <br /> program levels. It also <br /> • provides $500,000 in increased funding to implement the Education Act for the <br /> 21st Century; <br /> • replaces $300,000 in discontinued grant funding for the elementary music <br /> program; <br /> • adds $300,000 for alternative education programs for dropout prevention and <br /> recovery; and <br /> • provides funding for increases in staff compensation and PERS rates. <br /> On May 3, 1999, the Budget Committee approved the proposed general fund <br /> budget of $111,834,504 and a total budget for all funds of $196,420,058. The Budget <br /> Committee also approved a General Fund tax rate of $4.7485 per $1,000 of assessed <br /> valuation of the district and a Debt Service Fund tax levy of $8,775,082. Further, <br /> the Budget Committee approved the proposed allocation of any additional state <br /> funding the district might receive as listed below: <br /> Contingency Fund 200,000 <br /> Unappropriated Ending Fund Balance 2,000,000 <br /> On -load Routine Maintenance Costs 2,100,000 <br /> Special Education 235,890 <br /> Prevention /Intervention 65,680 <br /> English as a Second Language 118,220 <br />