- Last Updated on Thursday, 15 November 2012 17:55
- Published on Wednesday, 08 August 2012 15:13
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The King George School Board is projected to come up short on its budget’s bottom line for the 2011-12 fiscal year that ended on June 30. The latest financial report from the county is currently projecting a shortfall of $49,658.
The financial projection from the county’s finance department was made available this week late on Monday in preparation for Tuesday’s Board of Supervisors meeting on Aug. 7 (following our press time).
- Last Updated on Thursday, 15 November 2012 17:54
- Published on Wednesday, 27 June 2012 00:02
- Hits: 4182
King George’s new division school superintendent Rob Benson is in town this week and was introduced at Monday’s School Board meeting by Chairman Mike Rose and provided a welcome token gift of a pictorial book of the history of King George County. Benson will likewise also be introduced by Rose to the Board of Supervisors at Tuesday’s meeting this week (following our press time).
If you’ve missed those two opportunities, you can catch him again this week on Thursday, June 29, at a town hall meeting, 7-9 p.m. at King George Middle School (former high school building) auditorium, located at the corner of Dahlgren Road and Kings Hwy (Routes 206 & 3).
School Board member Ken Novell will introduce Benson at the town hall meeting jointly hosted and conducted with Dahlgren Supervisor Ruby Brabo.
Benson is in town for a few days to meet and greet various school officials and gain more impressions of the school division that he will officially head effective July 1.
Benson said while he was here this week he wanted to get some ideas for at least a temporary home for his family, with his spouse, Shelley, to take over that job when she gets here, along with their son, Samuel, in the next couple of weeks.
- Last Updated on Wednesday, 06 June 2012 14:11
- Published on Wednesday, 06 June 2012 14:11
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SALARY & BENEFITS
Benson’s starting salary is $134,400 for the first year along with additional benefits noted in his nine-page contract, including $5,000 per year to an annuity or deferred compensation plan. In addition, there is a complicated formula to convert unused vacation and sick leave towards Benson’s annuity at the end of each contract year.
- Last Updated on Wednesday, 29 February 2012 00:09
- Published on Wednesday, 29 February 2012 00:09
- Hits: 1218
School budget still projecting deficits
The King George Board of Supervisors last week reviewed monthly financial reports for the School board for the current year with actual figures plugged in through the end of January and projected expenditures used for the remainder of the 2011-12 fiscal year, which ends on June 30.
The finance report on Feb. 21 was provided by Donita Harper, King George’s deputy county administrator and director of finance.
- Last Updated on Wednesday, 22 February 2012 19:30
- Published on Wednesday, 22 February 2012 19:30
- Hits: 1195
Refinancing school debt will save $3,000,000 on debt service
The King George Board of Supervisors agreed in concept last week to go forward with refinancing two chunks of school debt, adding up to nearly $33 million, to save nearly $3 million on debt service. That is expected to happen by getting a loan with a lower interest rate while keeping the existing payback date of 2036.
Supervisors will likely be provided a resolution next month for their approval when Davenport & Company LLC comes back with additional details.
As part of its service as financial consultants to the county, Davenport routinely
- Last Updated on Wednesday, 22 February 2012 19:19
- Published on Wednesday, 22 February 2012 19:19
- Hits: 899
The King George School Board held a special meeting last week on Feb. 16 to discuss its upcoming superintendent search. Four members were present to meet with a representative from the Virginia School Boards Association (VSBA), with Rick Randall missing the meeting.
Following the two-hour meeting to learn about the process of hiring a new superintendent, the group provided a press release to mark the event which also