Schroeder began by giving a brief overview of the renovation plan the school board decided to move forward with.
He emphasized how the board listened to the community by cutting back the project, and how current interest rates makes now the time to do a project.
Schroeder also mentioned the completion of the collective bargaining agreement with the Clay Community Classroom Teachers Association.
He then turned the presentation over to Fowler, who presented a synopsis of the way the corporation spends the money received from taxes.
In 2007, the corporation spent $42.8 million, including $26.2 million from the general fund.
Fowler said that 95 percent of the general fund is spent on salary and fringe benefits for corporation employees. Last year, $21.7 million was spent on salary, and $8.1 million went to benefits.
One way the corporation is planning on saving money in 2008 is a new health insurance plan, which was passed in September.
The corporation offers two plans for employees, one for certified teaching staff and another for the non-certified workforce.
Teachers have been on a traditional plan for many years, with no in-network deductible and minimal co-pays. The family plan costs $21,636 annually, and employees pay about $725.76 per month in premiums.
Non-certified staff started a High Deductible Health Plan and a Health Savings Account combination Jan. 1, 2008, which means a $4,000 deductible for a family plan, no co-pays and the corporation contributes $3,000 into the savings account.
The family plan for non-certified costs $15,320 annually, saving the corporation $6,316. Both employees and the corporation see the cost reduction, and according to Fowler, "everybody wins."
Fowler said employees have been receptive to the new plan, and are more aware of health care costs through the first month of the program.
Members of the Rotary had an opportunity to ask questions of Schroeder and Fowler.
They fielded questions about the insurance plans, the new teacher contract and the proposed renovation plan.
Several members of the Rotary asked for building-breakdowns of how the renovation money will be spent.
Schroeder told members the breakdown had been presented at all of the school board meetings discussing the renovation.
Rotary member Jim Middledorf said the presentation helped him better understand the project and he and his wife were very concerned about the construction proposed for East Side Elementary School, which is in their neighborhood.