The Terrell Independent School District Board of Trustees approved its 2019-20 budget and 2019 tax rate on Monday evening during the Terrell ISD Regular Meeting at the Terrell ISD District Administrative Office.
Terrell ISD Chief Financial Officer Crystal Shirley gave a presentation in a public hearing before the vote by the school board.
The budget goals by the school district was to increase student achievement in all areas including academics, extracurricular and character; to build a college and career going culture throughout the district that promotes critical, creative, progressive and innovative thinking; to build capacity in all district employees, to restore tradition and pride in Terrell ISD; to become the district of choice in Kaufman County; to improve all district facilities; to open innovative campuses to serve students.
In revenue, the Maintenance and Operations tax rate is reducing from $1.17 to $1.06835 per $100 of taxable value. The maximum Maintenance and Operations tax rate a school district can levy is $1.06835. The proposed Interest and Sinking tax rate is $.42970 per $100 of taxable value. The maximum Interest and Sinking tax rate a school district can levy is $.50.
The total tax rate for 2019 is $1.49805.
The tax rate will raise more taxes for Maintenance and Operations than last year’s tax rate. The tax rate will raise taxes for Maintenance and Operations on a $100,000 home by approximately $0.
The total certified taxable value for Kaufman and Hunt County Appraisal District is $2,008,280,079, which is an increase of $350,366,597.
The current tax levy is based on an average daily attendance of 4,281.
The 2019-20 general funds subtotal is $49,796,759, which is an $8,618,386 increase from the 2018-19 budget.
The 2019-20 food service fund subtotal is $2,993,455, which is a $74,875 increase from the 2018-19 budget.
The 2019-20 debt service fund subtotal is $7,875,834, which is a $1,132,559 increase from the 2018-19 budget.
The total revenue was $60,666,048, which was an increase of $9,825,820 from the 2018-19 budget. The total expenditures of $57,890,314 with $480,00 transfer to the ExCEL to make the total expenditures $58,370,314. The total balance was $2,295,734.
The Terrell ISD School Board of Trustees went into a closed session for Consultation with the School District's attorney on a matter in which the duty of the attorney to the governmental body under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with the Texas Open Meetings Act specifically including the legal issues related to the duties, discipline, and evaluation of teachers, administrators, and individual members of the Board of Trustees, and the termination of professional employee contracts.
No action was taken after the closed session.