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Move to Gretna campus boosts projected budget costs for coming year

The Milestone SABIS budget for the coming year could rise by 30 percent, due to an increase in transportation and other costs associated with the move to a new campus.

The board will hold a public hearing on the budget on Monday, August 20, at 5:30 p.m. at its new campus at  1407 Virgil St., Gretna.

According to a draft of the budget released by the school’s board of directors, the budget will total $4.7 million for the 2012-13 school year, up from $3.6 million last year.

Per-pupil allocations under the state’s Minimum Foundation Program are expected to reach $4.6 million, based on an estimated enrollment of 528 students.

The school will seek more revenue through fundraising events and donations.

Salaries are projected at $2.1 million for the coming year and employee benefits will jump $423,000, up a third from last year.

The move from uptown to Gretna could push transportation costs to $292,000, but the school continues its search for a bus-share plan with a nearby school to slash costs.

Professional services such as legal work and auditing, outsourced payroll processing and building security add up to $678,000 for the coming year. Other expenses such as supplies and furnishings also rise significantly due to the move.

The budget includes a reserve fund in excess of $200,000 to cover unexpected costs.

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