In a 6-1 vote, with Forrest Buell opposed, the Clay Community School Board of Trustees approved the 2010 budget Monday at North Clay Middle School.
"There are no real surprises and we took a level approach to budgeting," Clay Community School Corporation Business Manager Mike Fowler said. "There is a lot of consistency from last year's budget to this year. It is a very thought out well-planned budget."
With a total of $44,746,323 in Tax Supported Funds and in the Rainy Day Fund, Fowler said there isn't a whole lot of wiggle room.
Approximately 95 percent of the General Fund is spent on salaries and fringe benefits in the corporation.
During the Sept. 10, regular session meeting of the Clay Community School Board of Trustees, Fowler gave a presentation to the board concerning the 9.95 percent rate increase for Health Insurance.
Some of the terms of the Health Insurance plan include:
* For a certified teacher, there is no in-network deductible and no co-insurance, as the plan pays all of it,
* For a non-teacher there is a $2,000/$4,000 deductible, however, the corporation contributes $1,100/$3,000 to an employee's Health Savings Account to offset that deductible,
* The rates for teachers on a single plan are $9,133.08 per year and for the family plan it is $26,067.96 per year,
* The rates for a non-teacher single plan are $6,710.64 per year and for a family plan it is $18,457.92 per year, and
* The annual difference between a single plan for a teacher and non-teacher is $2,422.44.
"A teacher is paying $2,422 to avoid a $2,000 deductible," Fowler said to the board. "A teacher on the family plan is paying $7,610.04 to avoid a $4,000 deductible."
He concluded to the board "financially speaking, there is no circumstance where a teacher is financially better off on their plan than what a non-certified or an administrator is on the non-teaching plan."
With the corporation locked into a contract, the board had to approve the health insurance increases. Fowler has been working diligently with the budget and planned on the increases.
When speaking about the impact of the health insurance increase he said, "It doesn't leave a whole lot of room for other creative ideas."