Fulton Independent Board of Education members approved a $.76 per $100 tax rate during their regular board meeting Sept. 8.
The real estate and personal property rate reflects no increase from last year, and is the same as the 1988 rate. Motor vehicle tax rates remain at $.78 per $100.
The state permitted a 4 percent increase in gross receipts for real estate, personal and public service companies; however, Superintendent Dianne Owen said the budget was established using the $.76 rate, and is manageable without having to raise the rate.
“There has been a lot of cutting,” she said.
In other business, the board:
• adopted a resolution authorizing the Fulton Independent School District Finance Corporation to issue the refunding of revenue bonds. The resolution allows the school district to initiate the refinancing process in order to refund and retire school building revenue bonds (Series 2000) originally issued to finance the project; authorizing and approving the execution of a contract, lease and option with the further necessary instruments; approving the plan of refinancing said project generally.
• approved rates for Indirect Costs the district incurs from the food service and grant programs, at $1,000 per month for food service and 2.97 percent for grant programs. The calculation of the rate is determined electronically by numbers reflected in the district’s annual financial report.
• approved the 2009-10 working budget at revenues and expenditures of $4,916,263.24.
• agreed to apply for a Kentucky Youth Empowerment System grant, which would be for approximately $1,500 and would enable about 15 students to develop and distribute anti-drug and anti-drinking campaign materials targeted at 7-12 grade students. The grant would help educate youth on the dangers of underage drinking and drug use.
• voted to leave the extra duty coaches’ salary schedule as is, after considering a request to amend it.
• noted the dropout rate is zero, and currently 423 students are enrolled in the district.
• approved fundraising requests: for the Parent-Teacher Organization to conduct the Fall Festival Oct. 17, from 5-8 p.m. at the football field. In case of inclement weather, the event will be held in the Carr Elementary School gym; the Fulton STAR Booster Club to conduct a pancake supper, Art to Remember Keepsake fundraiser, and book store; the STARS Booster Club’s publication of a yearbook using Memory Book Company; the high school classes to hold a book store; the Drama Club to sell Little Caesars pizza kits and lollipops; the Kennel staff to sell classified advertisement sales for the school newspaper; the Y-Club to work the concession stand for SACK youth football.
• noted the appointments of Annie Stephens as part-time clerical, Special Education; Tracey Grooms, Athletic Director; Jimmie Smith, Custodian; and Diane Schwenk, Family Consumer Science Teacher; and the resignations of Eddy Newton, Custodian; and Donna Garland, Athletic Director.
