Jun 26, 2013 11:38 Livingston schools end fiscal year with $396,000 surplus Livingston schools end fiscal year with $396,000 surplus by robert stewart| Florida Parishes bureau June 26, 2013 Comments LIVINGSTON — The Livingston Parish School Board on Thursday unanimously approved its finalized budget for 2012-13, which projects a current-year surplus of about $369,000. The School Board also approved an updated salary schedule for teachers based on new laws passed during the 2012 legislative session. The law, known as Act 1, dictates salary schedules for public school teachers based on effectiveness, demand and experience, as well as dictating minimum requirements for teacher tenure, or job protection. It was one of two key pieces of education legislation pushed by Gov. Bobby Jindal and passed in the 2012 session. It has been challenged in court. Superintendent John Watson has said the school system is operating as if Act 1 will hold up in court. The School Board’s Budget and Goals Committee unanimously approved the finalized budget and updated salary schedule Tuesday. The board did not discuss its 2013-14 budget Thursday. Board President Malcolm Sibley did not attend Thursday night’s board meeting, which came four days after his arrest in a fatal hit-and-run crash early Saturday in St. Helena Parish. Board Vice President Buddy Mincey Jr. filled in for Sibley as head of the board during the meeting. In other business, the board: Approved a change order of about $17,000 for additional repairs at French Settlement High School for Hurricane Isaac-related damage. The repairs include adding outlets for Internet capabilities and rebuilding casing around double doors going into the school’s library. The change order is not expected to add any additional time to the repairs. Appointed Ziler Architects of Lafayette to oversee construction projects at three schools — renovations at an Albany High School field house, a classroom addition at South Fork Elementary and a master plan of renovation at Walker High School. Voted to renew its excess worker’s compensation insurance policy for 2013. The board chose a Star Insurance Co. policy that carries a $600,000 deductible with a corridor deductible of $100,000 and a premium of about $53,500. A corridor deductible is essentially an extra layer of deductible in all claims. By voting on the policy, the board must pay up to $600,000 in each claim but only up to an additional $100,000 after that for all claims combined. Approved a crime insurance policy from Safety National that carries an approximate $8,900 premium.