District 5 Board to Discuss 2012-2013 Budget, 8 Percent Bonds

The Lexington-Richland 5 school board will discuss and vote on a resolution for the sale of 8 percent bonds and first reading of the 2012-2013 general fund budget at its regular meeting Monday. 

The proposed budget for 2012-2013 is $149,278,587.97 compared to the 2012-2012 budget of $142,329,920.32.

Dr. Karl Fulmer, the district's chief financial services officer, said there is no millage increase proposed for the next school year. 

The budget does include a 2 percent cost of living increase for all employees and a 4.6 percent increase for health and dental. 

Money from the sale of 8 percent bonds will be used for the . 

The board's agenda also includes an update on the district's Vision 2015 plan from Dr. Stephen Hefner, discussion of the name of the district's new high school, and a proposed resolution requesting flexibility for state funded instructional materials.

View the attached PDFs for the full board packet and budget summary. 

The board will meet at 7 p.m. at .

An executive session will be held at 6 p.m. to discuss selected employment items and personnel matters related to the organization of the district's administrative staff for 2012-2013.