Warsaw Community School Board held a budget hearing Friday afternoon. Kevin Scott, Warsaw Community Schools chief financial officer, reviewed the budget. “We are blessed to be in a good financial position,” Scott said. Scott said the plan is to replace six conventional buses and one mini bus in 2016. The 2015 budget total is $73,449,672 and the proposed 2016 budget is $76,726,813. This is a $3,277,141 or 4.46 percent increase. The general fund for 2015 is $50,391.212 and is proposed for 2016 at $51,349.959; debt service for 2015 is $8,614,667 and is proposed at $8,620,527; retirement debt for 2015 is $542,887 and proposed at $466,528; referendum debt at $2.4 million, new in 2016; capital projects for 2015 at $8,136,370, and 2016 proposed at $8,317,170; transportation for 2015 is $3,708,787 and for 2016 at $3,534,151; bus replacement for 2015 is $755,749 and for 2016 at $738,478; and rainy day for 2015 is $1.3 million with no change in 2016. The board will adopt the budget during its Oct. 19 meeting.
