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Magnet Cove School District board approves 2024–25 budget, $39,607 network contract and $135,915 fund transfer
Summary
At its Sept. 16 meeting, the Magnet Cove School District No. 8 Board of Education unanimously approved the district budget for 2024–25, authorized a $39,607 network/security contract paid from bond proceeds, transferred $135,915 from the building fund to operations, and approved several other financial and procedural actions.
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Magnet Cove School District No. 8’s Board of Education met Sept. 16, 2024, at the district central office and, in a series of unanimous 5–0 votes, approved the district’s 2024–25 budget and multiple financial and operational measures.
Board President Jeff McJunkins called the meeting to order at 6:02 p.m. and noted the five board members present: Jeff McJunkins (presiding officer), Mike Hughes, David Sulton, Karen Scott and Samantha Nuckolls.
The board voted to approve the district’s 2024–25 school year budget as presented. Board member Karen Scott moved the budget approval; board member Mike Hughes seconded the motion and the vote carried 5–0.
Also approved was a Fleming Network & Security Services proposal at a cost of $39,607 to be paid from building fund bond proceeds. Karen Scott moved the contract approval; Mike Hughes seconded, and the motion passed 5–0.
The board authorized electronic fund transfers with the following vendors: APSRC; Cooper Band Instrument Repair; Delta Math; Ideal Construction Company; VSC Fire & Security; and William V. MacGill & Company. The motion to authorize these transfers was made by board member David Sulton, seconded by Samantha Nuckolls, and approved 5–0.
Separately, the board approved opening an additional district account at Farmers Bank & Trust primarily to accept card‑reader revenue from athletic gate receipts. Mike Hughes made the motion, David Sulton seconded, and the vote was 5–0.
Board members approved transferring $135,915 out of the building fund into the operations fund; the transfer motion was made by Karen Scott, seconded by Mike Hughes, and passed unanimously.
The agenda also included approval of routine business: minutes from the Aug. 19, 2024 regular board meeting and the district financial statements, each approved on 5–0 votes. Board member Mike Hughes moved to approve the Aug. 19 minutes (seconded by David Sulton); board member Samantha Nuckolls moved to approve the financial statements (seconded by Mike Hughes).
The board set its Annual Report to the Public for Nov. 18 at 6:00 p.m. in the elementary school cafeteria, to be followed by the monthly board meeting once the report concluded. David Sulton moved to schedule the report; Samantha Nuckolls seconded the motion, which passed 5–0.
Board members nominated Samantha Nuckolls for the position of Director of Region 10 of the Arkansas School Board Association; Mike Hughes moved the nomination, Karen Scott seconded, and the motion was approved 5–0.
The board approved a board‑to‑board student transfer request submitted by Melissa Smith, a parent who resides in the Glen Rose School District, to allow her child to attend Magnet Cove. Mike Hughes moved to approve the transfer; Samantha Nuckolls seconded and the vote was 5–0.
Superintendent remarks and reports from building principals were heard during the meeting; the transcript records that those reports were delivered but does not provide further detail. The meeting adjourned at 7:01 p.m.
Upcoming next steps noted at the meeting include the Nov. 18 Annual Report to the Public and the monthly board meeting that will follow it.
