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Board keeps tax rate at 43.8; approves $3 million CD renewal and monthly financials
Summary
The Rockcastle County Board reviewed and approved monthly financial reports, authorized a 12‑month renewal of a $3,000,000 certificate of deposit at Citizens Bank and voted to keep the district tax rate at 43.8; finance staff reported an unaudited general fund balance of $6.3 million.
The Rockcastle County Board of Education on Thursday reviewed the district’s monthly financial reports, approved a 12-month renewal of a $3,000,000 certificate of deposit at Citizens Bank and voted to keep the district tax rate at 43.8 (as reported to the district).
Finance staff said July is typically slow for activity but that the district had started the new fiscal year with beginning balances rolled forward from the…
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