1 Front
Serving Bureau County Since 1847
Saturday, November 2, 2013
Breaking ground for the new HHS
BV reviews audit
Soggy weather doesn’t drown excitement for new facility
By Goldie Currie
By Donna Barker
gcurrie@bcrnews.com
dbarker@bcrnews.com
MANLIUS — Auditor David Wilcoxson presented Bureau Valley School District’s annual audit at the school board meeting Oct. 28. Wilcoxson gave a brief overview of the district’s historic financial history from as far back as 1996. He also explained how the district debt is structured and the calendar of payments through 2019. Superintendent Dennis Thompson said the audit gives a reflection of the business practices of the district and the trends of the district’s finances. The audit can help point out where things can happen over time and does a reasonable job of making sense of where things may go, Thompson added. The audit for 2012-13 shows a direct revenue amount of $12,541,348 and a direct expense amount of $13,240,380. The direct revenue total does not include the $3 million worth of bonds the district sold in the fall of 2012. Comparing those numbers to the 2011-12 audit, the district then had a direct revenue of $12,444,496 and direct expense amount of $14,121,061. Thompson explained some of the issues Bureau Valley is seeing right now, which may also be something other school districts are detecting, is being able to predict how much state aid the district will receive each year. Right now, the school district is receiving about $300,000 less than what it used to receive. “In the past, when we estimated state aid, we were maybe $1,000 off from the exact amount that actually came to us,” he said. Thompson explained every year the district has to come up with a prediction of how much state aid they anticipate receiving. While creating the school year budget, the state sends out a letter stating the district’s percentage of state aid. Each year, that percentage has been decreasing. Thompson admits the decrease in state aid has been the biggest factor behind why the district was forced to sell bonds totaling about $3 million to help keeps funds running.
See BV Page 3
NEWSSTAND PRICE 75¢
SPRING VALLEY – Hall Township High School officials, area dignitaries, community residents and guests braved Wednesday’s rainy weather for a groundbreaking ceremony for Hall’s new multi-million dollar high school building.
Around 35 people attended Wednesday’s ceremony, including State Rep. Frank Mautino. Following the groundbreaking ceremony, Mautino commented on the importance of the day and getting a new school in Spring Valley. “This is a beautiful day in the Valley. This high school has stood since 1913, and the committee, the people of Ladd,
Spring Valley, Cherry, Seatonville, surrounding feeder schools have passed a referendum which is going to provide for a much brighter future for generations and children,” Mautino said. “This (current) building has served us since the early 1900s, and the new facility will take care of generations to come.”
See Hall Page 4
BCR photo/Goldie Currie
‘Fall back’ for Daylight Saving Time Gary Bruce, owner of Bruce’s Jewelers in downtown Princeton, turns back the hands of time for Daylight Saving Time, which ends at 2 a.m. Sunday. Bruce said while most people find it quite the task to turn back the half dozen clocks in their home, he said employees at Bruce’s Jewelers have more than 600 watches and clocks to turn back with the time change.
Community remembers Princeton men Tom Velon dies at 93
Frank Bettasso Sr. dies at 86
By Donna Barker
By BCR Staff
dbarker@bcrnews.com
news@bcrnews.com
PRINCETON — Former longtime Bureau County Clerk Tom Velon died Tuesday at the age of 93 in Texas. Velon had worked in the Bureau County Courthouse for 34 years, in both the county treasurer’s office and the county clerk’s office. He was elected in November 1970 as the Bureau County Clerk and held that office for 26 years, retiring in June 1996.
PRINCETON — Longtime Princeton businessman Frank Bettasso Sr. died Sunday at St. Margaret’s Hospital in Princeton at the age of 86. Bettasso was known throughout the area for his 50-plus career in the insurance and real estate businesses in Princeton. Princeton businessman Ernie Parr described Bettasso as “a pioneer in the insurance business in Bureau County.” Bettasso
See Velon Page 4
See Bettasso Page 4
For breaking news, sports and current weather conditions, go to bcrnews.com
Year 167 No. 132
A better way to stay on top of business expenses.
One Section - 16 Pages
Put this card to work for your business helping you maintain separate records for business related expenses. 98213 00012 1 © Bureau County Republican 7
8.2013
• No Annual Fee • Zero Liability Protection • Great introductory rate • Custom spending limit capability for employee cards
Princeton, 815-875-4444 or 815-876-1122 hbtbank.com