11 01 2014

School Board Adopts $22.9 Million Budget

By Larry Briscoe
Correspondent
The Quinlan Independent School District School Board adopted a $22,900,400 budget Monday night for the next fiscal year.
Unanimous board approval followed a budget workshop that preceded the regular monthly meeting and a public hearing on the budget and tax rate during the meeting.
The balanced budget is to be supported in revenue that includes $18,555,826 in the general operating fund; debt service fund, $1,513,379; food service fund, $1,248,178; and federal programs and grants, $1,457,895.
Supt. Dr. Debra Crosby said the budget included step increases for all employees as well as a $500 bonus for all classroom teachers.
Business Office Manager Billie Miller presented the budget at the workshop. She said the budget was based on an average daily attendance figure of 2,250.
Miller said the district would bill Medicaid for services provided to special education students that was expected to save in excess of $100,000 annually.
She noted the district continued its program of reconditioning its bus fleet rather than buying new ones.
Miller estimated the tax rate at $1.24 per $100 valuation, assuming an estimated tax base of $596,383,021 tax base for the school district. The Hunt County Appraisal District had not yet released this year’s actual figures.
The amount includes $1.04 for maintenance and operation and $0.20 for the interest and sinking fund.

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