The board expects to get $8,933,891 in SEEK funds based on $3,201 per average daily attendance of 2,115 students. This includes a $10 raise per student.
Certified salaries are estimated at $6,604,957 and classified salaries are estimated at $1,531,722 plus substitutes, benefits and other expenses.
The overall budget receipts include: general fund, $12,701,000; special revenue, $3,061,060; capital outlay, $211,500; building fund, $620,753; and food service, $1,070,249.
The budget is required by the state to have a 2 percent contingency of $353,291; however, the proposed budget contingency is 2.57 percent or $454,662.
The board also has applied for another $3,061,060 in various state and federal grants.
Randolph projects a $1.7 million carryover from this year.
Revenues are estimated as follows, with amounts for the 2003-2004 fiscal year in parenthesis: property tax, $975,000 ($968,721); franchise tax, $165,000 ($254,461): delinquent tax, $10,000 ($22,820): motor vehicle tax, $350,000 ($283,399); unmined minerals, $0 ($323); utilities tax, $475,000 ($360,177); omitted property, $2,000 ($3,426); SEEK, $8,900,000 ($8,280,502); and vocational school, $60,000 ($66,668).
The new budget also shows $10,000 for school nurses at two schools; $25,000 toward a day treatment grant; $10,000 for school resource officer; $70,000 for alternative school, $13,051 for Jobs for Kentucky Graduates program salary; $170,000 for three new buses; $21,000 for floor machines for four schools; $8,000 for high school and middle school travel budget; $22,000 for miscellaneous needs; $50,000 for technical program; $13,500 for Americorps contracts; $8,400 for extension service contract; $10,000 for the high school TV station and fire educational trailer; $95,000 for special education contracts; $100,000 for worker compensation; $65,000 for tax collection; and $175,000 for insurance.
She said $60,00 has been budgeted for high school textbooks and $10,000 for vocational school textbooks.
Expenses concerning the new Jones Park Elementary School also will have an effect on the budget.
The board will have to pay $257,000 to widen Ky. 70 and add turning lanes in front of the new school, then it will be reimbursed by the state Transportation Cabinet when the work is complete.