CPS Finance Committee meeting focuses on upcoming school year | K-12 Education

CPS Finance Committee meeting focuses on upcoming school year | K-12 Education

The Columbia Community Universities Finance Committee met Wednesday to strategy for the 2022-2023 school year. Chief Economic Officer Heather McArthur introduced updates on budgeting for cash tasks and the costs for following year’s proposed salary schedules.

Funds jobs

The committee voted in favor of recommending that the Columbia University Board grant approval to program, bid and contract the money projects for the 2022-2023 budget.

Throughout a presentation in advance of the vote, McArthur confirmed a checklist of the expenditures.

The district hopes to speed up preparing, bidding and contracting of specific 2022-2023 projects and other capital project fund expenses. This would make it possible for assignments established for the summer to be completed in advance of the commence of the faculty 12 months.

The total budgeted funds expenditure for the year is $76.8 million. This consists of assignments lined underneath the bond challenge that voters accredited by a vast margin Tuesday.

“We are excited since our new bond was handed past night time,” McArthur mentioned.

The $80 million bond will be issued in two $40 million increments, with the initially a single in 2022 and the 2nd in 2024. It will fund building of two elementary educational facilities, renovations to the Columbia Place Profession Center, an addition to Struggle Elementary University and other capital advancements.

Financial update

In another presentation, McArthur presented the fees of the proposed wage schedules for the future university year.

The overall value of salary as well as rewards in the 2022-2023 school 12 months will be $10.02 million. The price of wage schedule improvement for all personnel is additional than $4 million.

As has been described, beginning shell out for lecturers in the district will exceed $40,000 for the initially time next 12 months below an agreement achieved by the school district and the teachers’ union, the Columbia Missouri National Training Affiliation. This year, the typical once-a-year wage was $39,050.

McArthur’s economic update provided the expense of a single-time additions and deductions for the coming faculty year, totaling $1.17 million. This involves school home furniture and fixtures, world languages materials and Battle Large University band uniforms.

Recurring additions and deductions for the forthcoming school calendar year will price tag $1.58 million. Grant-funded recurring additions full $1.02 million. Some of people additions are funded by federal COVID-19 aid funds named Elementary and Secondary Schools Crisis Relief (ESSER).