In an effort to share with our tax-payers how MVCSC is being good stewards of our financial resources, here is a list of initiatives we have pursued to help our school district.
All of these initiatives have one thing in mind: to provide the best educational opportunities for our students and to use our taxpayer dollars in the most effective and responsible manner.
|July 2019||LED Lighting project (district-wide). For an investment of $841,335 the total maintenance and utility expense savings over eleven years is $1 million|
|Dec 2020||The district saved $560,000 in the December 2020 debt payments by refinancing two bond series in the spring. These savings will be used to support operational expenses over the next two years.|
|Dec 2020||The district chose to switch the Employee Clinic to IU Health, which saved approximately $35K annually.|
|Jan 2021||The district chose to narrow its health network at the beginning of 2021. This decision was made to reduce overall healthcare costs.|
|Jan 2021||The district anticipates significant savings in the cost of prescription claims by nearly $1M.|
|March 2021||Middle school renovations to music, art, and cafe was budgeted at a minimum of $3.7M in construction costs. The final cost remained at $3.7M but now includes all alternate bids (upgrades) with no additional expenses.|
|March 2021||District-wide HVAC and mechanical/electrical/plumbing upgrades. For an investment of $8.4M the total maintenance and utility expense savings over six years is expected to be $10.2 million|
|Aug 2021||The Stewardship Project costs continue to come in under the original budgeted projections allowing us to add an additional $500,000 to technology infrastructure upgrades across the district while not adding to the total project costs.|
|Aug 2021||The anticipated increase in property values for budget year 2022 will allow the district to pay back the 2022 bus financing and a $2.7 million dollar G.O. Bond (for continued Stewardship improvements) in one year thus saving on an additional year of financing & interest costs all without an increase to the debt service tax rate.|
|Aug 2021||The cost of installing ionization air purifiers for all classrooms throughout the district is being realized at a savings of $60,000 from the original estimate.|
|Oct 2021||The East Central Indiana Natural Gas Consortium (ECINGC), which Mt. Vernon is a member of, has agreed unanimously to purchase natural gas at current market rates, stockpiling supplies for winter 2021-2022. With gas rates expected to increase rapidly, this early purchasing will save MVCSC 58% in anticipated costs.|