Board Member Figures Savings on Personnel was $1.26 Million
Boardmember Fred Bonacci wanted to look at the facts and figures himself and give a presentation on salary/benefit savings from last year.
With 85 percent of the Stow-Munroe Falls City School District's cash going toward salaries and benefits, Board Member Fred Bonacci wanted to know how that money was being handled and what kind of savings happened in the last year.
He found out that the district saved $1.26 million on certified personnel. Weeks ago, Bonacci told the public he would investigate and put together a presentation about his findings.
During his presentation at the February meeting, Bonacci broke down his findings:
|4 Family/Medical Leave||$120,477|
|8 Reduction in Force||$475,717|
|2 Long-term Subs||$87,064|
|1 Part-time to Full-time||$90,598|
|3 Admin. Positions Filled||$292,994|
|TOTAL ADDED TO GENERAL FUND||$685,611|
|Early Notification Bonuses||$95,000|
|TOTAL (with the above costs added):||$1,242,238|
Bonacci's findings show that after adding in all the new certified personnel costs, the district saved $1.26 million from the general fund.
"That's a significant savings over the last year," he said.
Superintendent Russ Jones thanked Bonacci for his report and said "this is really one of the main things we’ve been trying to do ... save the district dollars over the last several years."
The superintendent said the goal is to continue to find ways to save money.
"We look at our numbers with a fine-tooth comb," he said. "Our goal is always to maintain the best education, as always, but we are also watch dogs about [our finances]."