Troy school board OKs tentative budget
BY MARIANNE EISENBRANDT Correspondent September 1, 2013 9:46PM
Updated: October 3, 2013 6:07AM
JOLIET — The Troy Community Consolidated School District 30C Board recently approved a tentative budget for the 2013-14 fiscal year.
The operating funds budget is balanced, district finance director Elaine Colombo said, with revenue of $44.3 million and an increase of just 0.5 percent in expenditures over last year.
There is a $5.9 million increase in debt obligations.
Colombo said the board considered all factors in developing the budget, including the best interest of the students and curriculum, contractual obligations for personnel, maintenance and safety of the schools and property, the debt obligations of the district and the effect on taxpayers.
“In accordance with the Illinois State Board of Education, it is a balanced budget with fund balances holding steady or slightly decreasing,” Colombo said.
The tentative budget will be on display for the required 30 days and also is posted on the district’s website at www.troy30c.org.
The board also scheduled a public hearing on the budget for 6:45 p.m. Sept. 18 at the Don Bacon Administration Center Board Room, 5800 W. Theodore St., Plainfield.
Colombo said bonds were refinanced on Aug. 14, benefiting the district.
“Through a combination of some bond series becoming callable, and the advantages of the current bond market, the board’s decision to proceed with this transaction was in the best interests of the school district,” she said.
She said the board focused on a plan to meet the bond obligations without extending the years of debt service, while at the same time ensuring that operations will be properly funded. The district’s strong credit rating translated to savings of $892,697, she said.
“The board is committed to aggressively managing the district’s debt and will continue to review similar opportunities as they arise. The hard work of the board in collaboration with the administration results in these savings possibilities,” Colombo said.
The board also approved the formation of a Best Buddies Club, which will pair students in school who could be in special-education classes or regular education classes. They will team-build, hold festivals, have birthday celebrations and other events along the way.
The club will replace the Literacy Club and will meet at Troy Middle School. The club sponsors are Maureen Smith and Shannon Clay.
In another matter, Ken Surma, director of operations, reported that Ron O’Connor, Homeless Liaison for the Will County Regional Office of Education, supplied the district with 75 backpacks filled with school supplies for distribution to Troy’s homeless children.
“Our office contacted each of our schools to determine the number of homeless children and distributed the backpacks accordingly,” Surma said.
The board was also informed that the district is in need of substitute nurses. Persons interested in applying for the position should contact the district office at 815-577-6760.