The Clay Community Schools Board of Trustees met for a special budget meeting on Tuesday, Aug. 28, at 7 p.m.
Tim Gorman, business manager and treasurer of CCS, presented the budget information.
Gorman, along with Superintendent Kim Tucker, discussed the changes in the budget from the previous year.
Gorman's presentation showed the assessed net value of Clay Community Schools from 2004 to the present. The assessed net value of Clay Community Schools for 2013 has increased from 2012's value of $823,554,340 to $836,537,158. This 1.58 percent increase is encouraging to the school board.
"At the beginning we were decreasing, but now we're back to where we're increasing slightly," Gorman said.
Gorman also mentioned that Parke County's assessed value has decreased for the 2013 year. These trends, according to Tucker, are unpredictable.
"We couldn't have anticipated that Parke County's assessed value would have dropped anymore than ours would have risen," Tucker said. "What we ask for (with our budget) isn't initially what we get."
Gorman presented figures comparing the 2012 approved budget to the 2013 proposed budget. The 2012 approved budget was $44,333,303, and the proposed budget for 2013 is $45,727,057.
The almost $1.4 million dollar increase, according to Gorman, is due to an increase in teacher's salaries, which are up 0.5 percent from last year (an $86,000 increase).
The board has decreased the amount they plan on spending on capital projects for 2013.
"We try to stay consistent with the money we have in that fund," Tucker said, mentioning that the corporation tries to give themselves some leeway for potential projects that may come up, like fixing furniture in different schools.
The corporation also tries to have enough money in the capital project fund to cover any emergency expenses that may come up during the year.
Tucker said she expects the Indiana Department of Local Government Finance to, "do exactly what they did last year by taking the amount we're asking for and chisel it down to operating expenses with enough money left over to do a couple of these projects."
The corporation is also planning on replacing seven school buses this year.