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Westlake board adopts annual tax-rate resolution; small drop in bond retirement millage noted
Summary
The Westlake City School District Board approved its annual tax-rate schedule and other treasurer recommendations, noting a modest decrease in the bond retirement millage and clarifying that the figures reflect voted millage rather than effective residential rates.
The Westlake City School District Board of Education on April 28 approved the treasurer's recommended tax-rate schedule and related routine finance items.
Treasurer and board discussion clarified that the published rates are the district's voted millage totals and not the effective residential rate. The board's general fund voted millage was described as 58.6 mills on the schedule; after adjustments the treasurer said the residential effective millage for general operations works out to about 21.95 mills.
The treasurer also noted a reduction in the bond retirement fund millage from about 3.3 mills last year to 2.85 mills this year, which will slightly reduce collections dedicated to bond retirement. The board combined motions to approve routine items a and b and voted separately to approve item 5c (the annual tax-rate resolution). Both motions passed on roll call votes with all members present voting yes.
The board's finance discussion also covered "then and now" purchase approvals for services provided under state grants for nonpublic schools, and the treasurer explained that federal and state grant funds (for example Title I and Title II) are set aside for eligible private schools and remain under district control when the district pays vendors and is later reimbursed.
