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Board approves March budget amendment, scholarship awards and preliminary tax rate; moves to executive session
Summary
The Grain Valley R-V Board of Education approved a March budget amendment to capture roughly $292,000 in additional revenue, authorized scholarship awards totaling $111,000, adopted a preliminary nonbinding tax rate and voted to adjourn into executive session under Missouri statute 610.021.
The Grain Valley R-V Board of Education took several formal actions during the meeting.
Budget amendment: The board approved a budget amendment for the 2024–25 fiscal year to recognize approximately $292,000 in additional revenue. The amendment did not change expenditures at the time of the vote and increased the district’s projected excess balance by the same amount. A board member moved to approve the amendment and another seconded; the motion carried on a voice vote.
Scholarships: The board approved a slate of scholarship awards recommended by the district committee. The motion passed; the superintendent and board members noted about $111,000 in scholarship awards are recommended and an award ceremony is scheduled for 6 p.m. Thursday, May 8 at the high school.
Preliminary nonbinding tax rate: The board approved a preliminary, nonbinding tax rate as required by law. District staff said the county projected a 12.5% increase in assessed valuation; if that projection held, the district’s levy would be offset and the rate would be approximately 26.18 cents lower than the previous year. Staff emphasized the preliminary rate is used for initial public notices and is not the final tax liability for property owners.
Executive session: The board moved to adjourn into executive session under the provisions of Section 610.021, numbers 1 and 13, of the Revised Statutes of Missouri. A motion to adjourn and enter executive session was made and seconded; the motion carried on a voice vote.
Votes were taken by voice; the meeting record does not include a roll-call vote listing individual board-member yes/no tallies in the transcript provided.
