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August 11, 2022 at 6:00 PM - Special Meeting

Agenda
1. CALL TO ORDER:   Mr. Dusty Wiley
2. INVOCATION:  Mr. Dusty Wiley
3. Comment:  Public Comment
4. Action Item:  Consideration of approval of property/casualty insurance and auto
Description:  Offenhauser has provided two quotes for our insurance coverage.  The quotes are from TPS (our current provider) and PEAT.  The TPS quote is $154,958 up from $130,061 last year.  This 19% increase is not as bad as we expected since our property values had to be increased. However, the deductibles increased to keep the premiums at an affordable price.   The PEAT quote is $214,853. 
 
5. Action Item:  Consideration of PROPOSED Budget
Description:  A summary of key items included in the budget, as well as those omitted or deferred, will be presented. 

After input and discussion from the Board, the Board will need to vote to PROPOSE the General Operating Budget based upon the agreed upon assumptions that are identified in the discussion.
 
6. Action Item:  Consideration of setting the PROPOSED M&O AND I&S TAX RATES for the 22-23 School Year
Description:  State law mandates each school district to discuss and set a maximum PROPOSED tax rate for the purpose of publishing the notice for the public hearing.  The proposed M&O rate is a function of the compressed values determined by TEA, plus any golden and copper pennies.  Our M & O rate calculated to be .9584. The debt service rate is a calculation of how much tax needs to be collected to cover our debt payments.  This year’s proposed rates went down.  The total of the two rates is 1.007110.  (M&O-.9584, I&S-.048710)

Last year’s rates were M&O 1.0307 and I&S .0536 for a total of 1.0843.
 
7. Executive Session as provided for by the Texas Government Code Section 
       551.074 et seq. to Discuss Personnel
8. Action Item:  Adjournment

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