Thu04242014

Last updateTue, 04 Nov 2014 9pm

    2Q14-MetroCast VIP-HBO 500x125

Westmoreland Deputy Talks with Pre-K Class

Westmoreland Deputy Talks with Pre-K Class

On Thursday March 27 Deputy Antwan Smith had the opportunity to speak to the Colonial Beach Pre-Kind...

Fate of CB School looks bleak

Conflicting resolutions, long discussions and short memories seem to be at the heart of the Town of ...

Code Compliance Officer accused of Trespassing

Colonial Beach Town Council spilled the beans about Town employee Theresa Davis’ charge of trespassi...

Two talented women destined to cross paths

Two talented women destined to cross paths

One may call it fate or destiny, but the similarity between two women, Olga Farneth and Velia Jacobo...

School Debt comes full circle for Chairman Trivett

School Debt comes full circle for Chairman Trivett

Colonial Beach School Board Chairman Tim Trivett talked to the town council at the March work sessio...

Legg no stranger to making history

Legg no stranger to making history

Colonial Beach Town Council formally introduced Elizabeth “Libby” Legg as the town’s new permanent C...

 

eyecareofva201403-web 

chesapeakeauction-web

Office-for-rent Jrnl Bldg 20130925

Stimulus money running out for schools next year

The Colonial Beach School Board learned at the January meeting, when Superintendent Donna Power presented the first draft budget of the upcoming 2012–2013 school year, that the school may be facing a possible $292,823 budget shortfall due to stimulus money ending or declining.

Total projected revenue for the next school year is estimated at $6,963,122 and expenditures are projected at $7,255,945.

Revenues have dropped due to federal grant and stimulus American Recovery and Reinvestment Act (ARRA) funds either reaching their end date or phasing out. Because many programs funded by these moneys are

already in place, schools continue the programs past the funded time limit, causing expenditures to rise when the cost is passed on to the school.

The shortfall for Colonial Beach Schools comes from a reduction of ARRA money in the amount of $89,016 and federal grant money in the amount of $84,035.

Power explained, “In federal revenue all of the Title programs from Title I to Title X have been significantly decreased by at least 1.1% or higher,” resulting in the deficit of $84,035.  Power added, “In some cases funding has gone away all together.”

Another shortfall was created because the governor of Virginia has recommended an increase to the Virginia Retirement Services (VRS) employer share from 11.33% to 16.66%.

If the proposed increase passes at the 2012 General Assembly the school will pay an extra $109,663. Superintendent Donna Power said, “Although this is a much more realistic figure than his originally proposed 21%, it still will result in a huge increase in contribution to the VRS.”

The governor is also proposing an increase in group life and health care credits which would increase spending for the school by $3,897. These increases to the VRS will also affect the expenditure side because they are subject to local match from the school.

$93,211 of state money is being removed from the schools’ budget for preschool initiative. Because Colonial Beach preschool initiative is already federally funded under Title I, the schools are ineligible to receive money from the state for this program so that amount is being deducted from state funding.

Power did say there was good news, “The one thing that has worked so well for us or is going to help us in not having a bigger deficit than will be reported is that the composite index for Colonial Beach actually dropped.”

The total shortfall has been decreased because the composite index for Colonial Beach has been lowered from 0.3785 in 2011–2012 to 0.3527 in 2012–2013.

Virginia uses the composite index to determine a locality’s ability to pay educations costs needed to maintain the state’s standards of quality (SOQ). Three factors are considered when determining a locality’s composite index - true value of real property, adjusted gross income and taxable retail sales.

A lower index rating puts the larger burden of revenue on the state, reducing the amount needed from local funding. 

Power informed the Board that, the governor’s 2012–2014 budget is subject to final action at the 2012 General Assembly session, but warned, if SOQ funded programs and incentive programs requirements are raised then the local match for these are required to go up as well.

These projections are all based on the anticipated enrollment of 600 students. As of Jan 11 the total school enrollment was 599 students.

At the present proposed budget State funding makes up 52% of the total revenue. Local funding only represents 24% at a total $1,696,517 if the local requirement is given.

Power stated,  “We will be working during the course of the next 60 days to find out how we are going to meet our shortfall or if the Governor’s budget allows for any additional dollars.” But she intends to ask for level funding of $1.75 million again in the 2012–2013 budget.

Power is still awaiting additional money to cover the unforeseen cost of the Middle School Mod Pod for the present school year.

Power summarized by saying, “We are facing a revenue shortfall of $292,823, and I would like to remind the board that at this time this is only a first draft, there are many many variables still out there of which we do not have concise information.”

Linda Farneth

201404chamberlink

 

201404source

201404getaway

 

201401kgpr

Contact Us

The Journal Press, Inc. P. O. Box 409, 10250 Kings Hwy. King George, VA 22485

EditorialAdvertisingOffice
Ruth Herrink, Publisher
540-469-4144
This email address is being protected from spambots. You need JavaScript enabled to view it.
Carla Gutridge
540-709-7061
This email address is being protected from spambots. You need JavaScript enabled to view it.
Leonard Banks, Production
540-469-4196
This email address is being protected from spambots. You need JavaScript enabled to view it.
Leonard Banks, Sports editor
540-469-4196
This email address is being protected from spambots. You need JavaScript enabled to view it.
Steve Detwiler
540-709-7288
This email address is being protected from spambots. You need JavaScript enabled to view it.
Drue Murray
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phyllis Cook
This email address is being protected from spambots. You need JavaScript enabled to view it.
Charlene Franks
540-709-7075
This email address is being protected from spambots. You need JavaScript enabled to view it.
Cindy Ailey
This email address is being protected from spambots. You need JavaScript enabled to view it.
Linda Farneth,
This email address is being protected from spambots. You need JavaScript enabled to view it.
Elizabeth Foreman,
540-709-7076
This email address is being protected from spambots. You need JavaScript enabled to view it.
Charlene Franks, Accounts
540-709-7075
This email address is being protected from spambots. You need JavaScript enabled to view it.
Richard Leggitt
540-993-7460
This email address is being protected from spambots. You need JavaScript enabled to view it.
Lori Deem
540-709-7495
This email address is being protected from spambots. You need JavaScript enabled to view it.
Bonnie Gouvisis
540-775-2024
This email address is being protected from spambots. You need JavaScript enabled to view it.
Lori Deem, Community Events
540-709-7495
This email address is being protected from spambots. You need JavaScript enabled to view it.
Advertising Information
540-775-2024
This email address is being protected from spambots. You need JavaScript enabled to view it.
Jessica Herrink
540-469-4031
This email address is being protected from spambots. You need JavaScript enabled to view it.

Journal Print Shop

Contact Steve Detwiler

This email address is being protected from spambots. You need JavaScript enabled to view it.

540-709-7288 • 540-775-2024

Quikey

Bulletline

Holiday Cards and Cards for all Occasions

Balloon House