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Cuba Free Press
Cuba, Missouri
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April 24, 2003     Cuba Free Press
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April 24, 2003
 

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2A April 24, 2003 Second Front Page The Cu Free mously last Thursday to reduce certified staff by elimi- nating one first grade teacher, one second grade teacher, a part-time elementary art teacher, a middle school read- ing teacher, the middle school industrial arts program, and a full-time high school teacher in an area yet to be determined. All of those staff cuts can be accomplished through resigna- tions and retirements that will As part of the budget cuts, the board also approved the elimination of the freshman boys' basketball coach, fresh- man girls' basketball coach, one assistant track coach, sponsorship of the middle school chess club, the golf team, entire gifted student program, and tuition reim- bursement for teachers who seek to further their education. Contracts for the high school Elementary School Hero Chrls Case photo Students at Cuba Elementary School chose mural artist Shelly Steiger as R-2's April Hero of the Month for her work on city mural paintings. School Board Notes graduates for approved as presented by Other business discussed at the R-2 Board of Education meeting of April 17 included the following items: Assistant Superintendent Kim Robinson announced that plans for summer school are now being finalized. There have been 586 students to date that have already signed up for the summer program. She also reported that the annual bus |nspectiofis have been com- pleted, and the district received a 100 percent, perfect score for the second consecutive year. The 2002-2003 school cal- endar was amended to remove May 27, 28 and 29 as school days. The calendar will revert to its original form, with May23 being the last day of school with an eady dismissal. This reduction in school days was allowed by a legislative bill excusing up to 5 days of school for those districts (including R- 2) that missed 12 days or more due to snow conditions this year. Two excused days had already been removed when the calendar was amended at the March board meeting. A list of prospective senior Principal Tony Hermann. purchasing ............. equipped bus handicapped students as well as a regular 72 passenger bu=;; !. for nexl year, The superintend, ent was authorized to: solicit:': bids for the buses restrictions may affect the board's ability to spend in this area. The board areed to pro- vide transportatioh for Proiec Graduation this Commons J part of the ag tdct will serve of the event with the Cuba Kiwanis Club, use their own bus drivers, and have a district employee on the bus to serve as a chaperone. a donation of $1.000 was by the district-to the Cuba Kiwanis Project Graduation. Cafeteria update put.on hold due to budget cutbacks Continued from I A cy in the cafeteria line. and return with a future rec- save us money in the long run because they'll give us more accurate counts and tremen- dously improve our ability to pull up past records and keep those on permanent file." One of the most innovative features of a computerized sys- tem is the use of student ID cards, which would eliminate the exchange of actual curren- Instead, parents would pay up front for blocks of equivalent credits at the cafeteria, which could be used by students at their discretion. Boast told the board he did- n't know if there'd be enough money in the current budget to pay for the system and couldn't recommend a purchase quite yet, but he was authorized to continue looking at the costs ommendation if and when funding permits. Potentially, it could appear in the 2003-04 financial budget. Board members aired some concerns over the additional training and workload required to operate the system, the security of student infor- mation, and the overall relia- bility of the system during a computer or power failure. Health Care. She asked for the serious consideration of United Health Care, with the 'ery attractive" possibility of saving $22,000 annually. The council approved McCoin's request for the city employee's to complete applications with further updates from McCoin at the May 5 council meeting. Norma Bretz informed the council of recent events. She and her husband, Bob, recent- ly returned from Cape Girardeau, having handed out City Council Notes space at the tourism center, bids were consideredi:M&M She said "Savor the Flavor" Floo ..... Sarah McCoin, from Beatty was also a big success, having and Associates, briefly present- handed out 200 turkey legs. Baldwin ed the council with current The Cuba booth was right next insurance statistics from Blue to the entrance. Bretz invited Cross/Blue Shield and United legislators over to the Cuba Tile :bid $9,558.04 booth. She said the efforts and Mid-State Lumber bid were "well worth it. There was $10,69021. a busload of legislators." Bob Baldwin, Public Works Mosquito spraying equip, ment bids Were considerS. Director, presented the council bid for $6,500 from Clark with nuisance complaints. 1001 Mosquito Control ih II!inois was W Washington was approved approved. The price is for a for another two-week extension because the tenants are in the process of moving. A public hearing was approved for 1112 W Myrtle because the occu- pants had already been grant- ed a two-week extension. brochures, saying as a result, . meetings is still being detayed many p.eople wanted a rental Visitor's Center flooring bythe television notwbing i  mosquito:spraying unit. Mug A-Bug in Illinios bid $7,9101 Baldwin said no one in this area had this type of equip, ment, Broadcast of city council saving measure. "The financial outlook from the state is very bleak and dis- couraging," said Boast. "I've gone through and cut every- where I thought I could cut; now I'll go back and try to cut some more. You hate to have to cut anything, but we tried to pick the programs that impact the fewest number of children. We considered many, many things before making these cuts, but the plain fact is we can't spend more money than we have in the bank. It's time to tighten the belt." Boast added that funding for some of the affected pro- grams may be replaced by the board at any time, depending upon how the legislature decides to fund DESE and how much money is ultimately fun- neled into the district. The leg- islative session ends May 9, unless a special session is called. "I knew we were going to have cuts and I expected them," board member Jerry McLain remarked of the dis- trict's cutbacks. "I see cuts on the teachers and the students, but I don't see any administra- tive -cuts. I'd like to see those cuts being made straight across the board." teacher and librarians are also For school year 2002, there being reduced as another o-- were 524 pubt]'_%school districts in Missouri with a fall enroll- ment of approximately 890,195 students. The amount of aid distributed to Missouri's public school districts by the state is calculated by what is common- ly referred to as the foundation formula, which is established by state law. In school year 2002, the foundation formula distributed to the public school districts approximately $1.6 billion for basic entitlement and an addi- tional $328 million for the at- risk entitlement. The basic entitlement distributions account for about 24 percent of the total revenues districts received. In addition, various categorical add-ons to the for- mula provided approximately $509 million of additional funds to public school districts. The foundation formula con- tains a hold harmless provi- sion, which states that no dis- trict shall receive less state aid per pupil under the new for- mula than it received in school year 1993. As a result of 1998 legislation, some hold harm- less districts receive funding in excess of school year 1993 lev- els due to increases in the number of at risk students within the district. Hold harm- less districts receive more monies than what is calculated by the basic entitlement. This occurs when the combined total of local, state, and federal revenues is greater than the amount calculated as the basic entitlement for the district. According to DESE calcula- tions, this provision allowed fifty-four districts to receive a revenue advantage of approxi- mately $244 million in school year 2002. The revenue advan- tage these districts receive allow the districts to have increased educational expendi- tures. Hold harmless districts have the ability to spend more per pupil with less of a local tax burden. It should also be noted that hold harmless dis- tricts would not be affected should funding cuts be made to basic entitlement distribu- tions. This holds true because the hold harmless provision requires these districts to receive no less state aid per pupil than received inschool year 1993. While the number of hold harmless districts will vary from year to year due to the various funding factors in the foundation formula, hold harmless districts have increased from 10 districts in school year 1993 to fifty-four districts in school year 2002. Current proposals to remove gambling proceeds from the formula calculations would result in less equitable distri- butions to public schools. This is true because the gambling proceeds would no longer be available to offset disparities in local revenues which exist among school districts. Our audit found that expen- ditures per pupil data among school districts is less equi- table now than before the for- mula was rewritten in 1993. Also, in 2002, Education Week issued its "Quality Counts" report. This report was based on school year 1998 funding, and graded each state on the equality of expenditures among school districts. Missouri received a grade of D+, one of 17 states to receive a grade less than a C. In Education Week's January 2003 report, Missouri's equity score dropped to a D- with only two other states receiving a lower score. Sell it FAST in the CFP Classifieds! The foundation formula, which determines each dis- trict's state aid entitlement, uses the district income factor as one component in its calcu- lations. This component of the formula is based on informa- tion provided by the Department of Revenue (DOR). The DOR summarizes adjusted gross income from Missouri income tax returns that indicate the school district information on individual returns. The 2000 tax return information was used for the school year 2003 foundation formula calculations. However, after DOR performed an edit check to apply or correct school district codes on state returns, 283,197 returns were missing a school district code and 173,416 returns had an erro- neous code. These returns account for about 19 percent of the returns filed for and approximately or 23 percent, of the adjusted gross approximately the state's ad income is not formula calcl tional funding may been distributed as as intended by the The audit also tricts received $1,142,000 from formula the districts levying ing tax greater by state law. In audit compliance with tory funding and the state has necessary ensure that it is in with a constitutionS] sion. New owners c Bob Wilson turned the keys to Mid-State Rentals new owners Scheryl and Craig Stovall last week. The pie also own C&S Masonry in Cuba. X00'oman faces drug c By Chris Case .... Assistant Editor Iw u Cuba police arrested a local woman on drug charges earlier this month, after searching her home and allegedly finding more than 10 ounces of mari- juana packaged for sale. Jeanne L. Clay, 42, was arrested April 2, when police searched her home at 1117 West Main during an investi- gation by the Division of Family Services. Sgt. Paul Crow of the Cuba Police Department stated in his report that police "were given written search the the search, we mately 10-11 ounces juana" separated into buggies. Drug items containing amine residue, and mutely $605 in.cash allegedly found home. Clay was session of a stance (marijuana) intent to distribute, a felony punishable by years in prison upon tion. 00ONDJAMI00.00" BOB KOSKI Financial Advisor NANL .,B=V,'=,= iNC. At PEOPLES III a IO ' I&eoFlllbg O YofirsL 701 North Franklin Cuba, MO 65453 Peoplob Bank 573-885-2511 RETIREMENT MYTHS It is an unfortunate fact that many Americans spend less time planning 1 retirement than planning for their vacations. All it takes is intelligent and a clear understanding of the myths that hinder us from building a retirement. Consider the following myths: Myth #1:I'm too young to worry about retirement. You're young to make plans. The sooner you begin saving for retirement, you'll have to put aside. For example, if you want to have a $200,000 egg by age 65, you'll only have to save about $26 a week if you age 35. But if you wait until you're 55 to start, you'd have to put aside every week. (Both cases assume that your money is invested earning a percent return. This example is for illustrative purposes intended to reflect the actual performance of any security. involves risk and you may incur a profit or a loss.) Myth #2: I won't need much to live on. Many experts estimate average, to maintain your standard of living in retirement, you'll 80 percent of your pre-retirement income. And that income has to ue to grow enough in an attempt to keep up with inflation.  lf Myth #3: My kids villi take care of me. Most children want to lenoe " aging parents a hand but many can't afford to. About the time you're r to retire, they'll be paying their children's college tuition--and savi their own retirement. You'd be wise, therefore, to leave the kids out ol y- plans. Myth #4: Social Security will take care of me. Although it's expect Social Security to cover all your costs, you can take increase your benefits. Work as long as possible. You can Social Security at age 62, but your benefits may be reduced by 20 If, on the other hand, you work until age 70 you'll receive even more Myth #5: I can't afford to put money away where I can't touch many years. The truth is, you can't afford not to retirement plans. Contributions to 401 (k) and similar em plans may reduce your current taxation. In addition, taxes are deferred on earnings, so retirement savings have the potential to faster than others do. Best of all, many employers match all or contributions to employer sponsored retirement plans, giving you you would not otherwise have The.one drawback is that you may pay a 10 percent penalty, plus current income taxes, if you money out of a retirement plan before you're 59 1/2 What should you do? A comfortable retirement requires looking squar.ely in the face--creating a realistic plan that works for you. brief article is no substitute for a careful analysis of your stances. Before implementing any significant tax or financial planning contact your financial advisor, attorney or tax advisor as appropriate. Secudtios offered exclusively through Raymond James Financial Services, Inc., Member independent broker/dealer, and are not insured by the FOIC or any other bank insurance, am or obligations of the bank, are not guaranteed by the bank, end are subject to risk, including loss of principal. :. R-2 board making cuts to balance the 2003-04 budget Audit shows inequality in school Continued from IA not berefilled, counselor, high school shop