Benton Community School Corporation creates Financial Advisory Committee

The Benton Community School Corporation is concerned about its financial future. In response to its concern, the school board has created a Financial Advisory Committee. They hope to get feedback on how to secure their future.

Posted: Nov 20, 2019 6:29 PM
Updated: Nov 21, 2019 5:22 AM

BENTON COUNTY, Ind. (WLFI)- The Benton Community School Corporation has a mission to make sure all students develop into the finest versions of themselves. Which means providing robust academic programs.

"We are really hoping to not have to cut any of those programs that directly impact students or impact academic opportunities," said Jennifer Barce a Board Representative with Financially Advisory Committee.

That's one major reason the corporation created a Financial Advisory Committee to help the district improve its financial health.

"We had seen some concerns with our expenses and our funds coming in so we chose to investigate a little bit further and make more information available," Gregg Hoover the Superintendent of the Benton Community School Corporation.

In the last 5 years, the district has lost 174 students. Since only 1,700 students are serviced by the corporation, that's an issue when it comes to state funding. The state distributes funds based on student enrollment.

"I think we want to get that message out about what the school is facing from the as far as state funding goes,” added Barce. “We want people to know what the plans are for the schools and how we want to continue those things."

The Financial Advisory Committee will help the corporation make tough decisions, like budget cuts or the possibility of a referendum added to the ballot in 2020.

"Right now our funding is such that we can get through to 2022,” added Hoover. “With that not that far down the road, we really want to make sure that we make good decisions and keep the corporation in good financial shape.”

Those future decisions could determine the corporation's future.

"Most people know, that when a school dies a community dies,” added Barce. “You really have to have a healthy vibrant school to bring in people to your community."

The school corporation says it hopes to have some answers on what to do next with the budget, come early 2020. For more information on the new Financial Advisory Committee click here

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