The Friendswood Independent School District Board of Trustees on Tuesday voted unanimously to adopt a tax rate of $1.367 per $100 valuation for the 2010-2011 school year.
The district will utilize $1.04 of the tax rate for maintenance and operations of the school district, with the remaining $0.327 to be used to repay the district's bond issues. The rate reflects no change from the 2009-2010 tax rate.
The school board voted to adopt the 2010-2011 budget. The budget forecasts total revenues of $39,108,784 for the General Fund, with expenditures of $39,340, 230, leaving a deficit of $231,446. Friendswood ISD carried a total maintenance and operations budget of $39.475 million for the 2009-2010 school year.
The school board voted to approve a salary increase schedule for the 2010-2011 school year.
The school board voted to accept certified property values from the Galveston Central Appraisal District and the Brazoria Central Appraisal District.
"The Galveston Central Appraisal District has always appraised all property located within the boundaries of Friendswood ISD regardless of the county in which they were located," Superintendent Trish Hanks said. "FISD has six properties that are located in Brazoria County. The law allowing school districts to choose the Appraisal District that they utilized has changed and now each county must appraise the property within their county. Because of this we now have two letters, one from Galveston Central Appraisal District and one from Brazoria Central Appraisal District that must be approved."
The properties in Brazoria County were assessed for a total value of $1.398 million, while properties in Galveston County were assessed for a total value of $2.244 billion.
The school board voted to renew the district's property and casualty insurance with Victory Insurance for a total annual premium of $552,308. The premium represents a decrease of $55,164, or nine percent, compared to the previous year's premium, which totaled $607,472.
The school board voted to change the schedule of the district's board meetings to the second Monday of the month. The change was made due to several district activities that occur on Tuesday evenings and conflict with the current board meeting night. The changes take effect for the September meeting, which will be held on Monday, September 14.
All items were approved. All votes were unanimous with trustees Brandon Burris and Matthew Robinson absent. Agenda