Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board reviews tax collections, treasurer’s report and approves curriculum and PD contracts
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.
