Bibb BOE talks possible budget numbers
Chief Financial Officer Ron Collier presented a list of items and what the cost would be to the system for the upcoming year.
These were numbers that were not finalized, however.
Some of the big items included increased costs in textbooks as well as large costs in utilities and bus transportation.
Collier said he felt the board was engaged in the conversation.
“It’s an evolving process and each year we have to look at it and keep the district viable,” said Collier. “I think one of the things that we’ve done so far. I think one of things we’ve done so far is that we have the policy where we want to hold our fund balance at an 8% of our operating expenses so again that gives us a guideline as to where we need to be.”
Collier said it was too early to tell if the system would have a balance of 8% of the operating cost.
The operations budget is about 15 percent of the overall budget.
The board will discuss the larger part–salary and benefit costs–in May.