Notice of Public Hearing to be held on October 11, 2016 Caston School Corporation Administration Building 9815 S. State Road 25 Fulton, IN 46931 On October 11, 2016 at 6:30 PM the Board of School Trustees of the Caston School Corporation will meet to discuss and hear objections to and support for a proposed Superintendent contract with Mrs. Lucinda Douglass. A summary of the proposed contract is as follows: Term of Contract is July 1, 2016 - June 30, 2019. Base salary $100,000 (2016-17), $101,000 (2017-18), $102,000 (2018-19); annual 260-day contract; 20 vacation days with a max annual buy back privilege of up to 3 unused vacation days at daily rate (max. value $1177); 11 paid corporation holidays; 10 sick leave days with the ability to accumulate up to a max of 185 days; attendance incentive of $50/day for unused sick leave beyond max accumulation up to $500/year; 3 personal days; bereavement leave up to 5 days in accordance with school corporation guidelines; FMLA leave per Federal Law; professional membership dues estimated at $1400 annually; election of a single, single + 1, or family health insurance plan with estimated average premium costs of $25,000; dental/optical insurance contribution of $414; $100,000 life insurance policy with estimated $132 annual premium; long-term disability coverage with estimated $363 annual premium; a 3% contribution to TRF at $3000 (16-17), $3030 (17-18) & $3060 (18-19); an annual supplemental benefit of $8837 paid to a post retirement investment account of Superintendent's choice; a $250 monthly expense allowance. Monetary value of the Superintendent's annual salary package per maximum value of all benefits is $143,800 in year 1, $144,841 in year 2, and $145,883 in year 3. The complete proposed contract of the Superintendent will be available on the Caston School Corporation website and will be presented at the October 11, 2016 public hearing. The Board of School Trustees will then act upon the proposed contract as an agenda item at the October 19, 2016 School Board of Trustees meeting. L-376 9/29 hspaxlp #1244280
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