The Marceline R-5 Board of Education met Monday with Matt Cupp absent. At this meeting, the largest piece of news was the approval of the 2013-14 budget for the District. The budget is in the black overall, but in the red in two funds.
According to Superintendent Gabe Edgar, the budget was prepared with the following guidelines:
- A one percent increase in assessed valuations
- While the State of Missouri suggested anticipating 94.7 percent of the Foundation Formula, Edgar built this budget at only 94 percent of the Formula
- The same tax levies as in the 2012-13 school year will be assessed
- With a lower Average Daily Attendance (ADA) being counted, the District took a hit of $199,212 in state funding
Overall, the District is anticipating $37,420,288 in total monies coming into the school this coming year. Of these funds, $16,061,083 is coming from residential real estate; $2,391,958 is coming from agricultural real estate; $3,613,744 is coming from commercial real estate; $156,698 is coming from railroad and utilities real estate; $14,641,169 is coming from personal property; $185,138 is coming from railroad and utilities – personal property.
This makes for a total of $10,490,136 from Chariton County tax payers, and $26,559,654 from Linn County tax payers.