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Schools, supervisors discuss compensation study, health fund and school security needs
Summary
School officials updated both boards on a compensation study, the health-insurance fund and personnel needs for security as some SRO grants near expiration; staff said reserves have grown but more work is needed to shift insurance and cover security costs.
Isle of Wight County school officials told a joint meeting Oct. 7 they are conducting a compensation study, evaluating a change from a self-funded health plan to a sponsored plan and planning security staffing tied to recently purchased weapons-detection equipment.
The school division’s finance and operations leaders said results from a compensation study should be available later this calendar year and will inform next year’s budget. Board members said pay compression and staff departures tied to salary make the study a high priority.
Health-insurance fund and reserves: Chief financial staff said the school system ended the most recent fiscal year with a roughly $2.2 million surplus and moved about $2 million into the health-insurance reserve to strengthen the fund.…
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