Board reviews tax collections, treasurer’s report and approves curriculum and PD contracts
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Summary
The board was told the district collected about 98% of certified property tax; Treasurer reported $662,368.80 in interest earnings; the board approved contracts with Edmentum and East Central ESC for curriculum licensing and professional development.
Administration reported strong collections and presented finance materials while the board approved two administration-requested contracts.
Mr. McCarty told trustees the packet shows about 98% of certified property tax was collected and that other excise collections were near 94% for the period presented. He said assessed values in the packet showed an increase over the prior comparison year.
Treasurer Penny Myers reported interest earnings of $662,368.80 and noted that current Trust Indiana rates were just above 3%, lower than the prior year’s rates. Trustees reviewed a state-mandated financial-condition report that benchmarks assessed value, fund balance and revenue sources across districts.
In contract business the administration requested approval of two contracts: a licensing arrangement with Edmentum for curriculum materials (described with a 150-seat licensing example) and a professional-development contract with East Central Educational Service Center. Trustees approved the contracts after brief clarification that a 'seat' means an account for a student and that the licensing purchase is supported by a formative-assessment grant targeted to certain students.
The financial-condition report was presented as informational; no action was required on that item at the meeting.