CASE Meeting 05/27/09
From The Lovejoy Way
This is the UNOFFICIAL report on the CASE meeting held 5/27/09 my Daris A Nevil
Budget
- Collin Tax District expects 5% increase in property value
- Computer Science team won 3A championship in Austin. Congratulations!!!
- Middle-Sized School funding Bill Passed
- LISD increase $480K WADA, giving LISD an increase of $1.2M
- Raised Equalized Wealth Level to $475K, next yr our level will be $414K
- No recapture up to $1.06
- Must staff for number of students enrolled
- LISD is funded only for attendance
- Drop of 1% attendance reduces income by $275K
- Last years budget had only $11K buffer in a $26.9M budget
- 14 Budget Managers for $6M of non-personnel cost
- June 9th Board Budget Workshop to look at next 2 yrs
- Cafeteria is self funding
- Employee Daycare is self funding
- After School Program is self funding
- Maintenance & Operations increase of $0.02 would bring in $400K per year, would cost $98 per year on $500K home
Credit Cards
- American Express Account
- Principals' Cards Stay Locked Up until needed
- All credit card expenditures are prior approved
- Issue Purchase Order for credit card receipts
- Travel agent that specializes in school schedules travel
Open Enrollment
- Fall of 2011 open second middle school
- Both will be about 50% capacity
- This makes operation too inefficient (too expensive)
- Open enrollment could provide a way to fill the two schools to capacity
- Charge $15,000 per year per student
- Would allow enrollment in middle school, and continued enrollment through 12th grade
