By Russell Hood
The Webster Progress-Times
The Webster County School Board has accepted a bank’s proposal on a shortfall note the district is issuing.
The $179,609 three-year note was awarded to Bank of Kilmichael-Mathiston at the board’s Sept. 3 meeting, minutes reflect. Its interest will be 2.39 percent. Young Law Group received two proposals on behalf of the school district, with the Bank of Kilmichael-Mathiston offering the lower net interest rate, documents show.
The board awarded the note after adopting a shortfall resolution Aug. 12 upon the recommendation of Superintendent of Education Jack Treloar. The note was issued because the district did not receive as much money in ad valorem tax collections as it had anticipated in its budget for the 2012-13 school year. An ad valorem tax is a tax based on the value of real or personal property. Proceeds of the note will be used solely to offset the budget shortfall.
District officials and board members met with county supervisors about the anticipated shortfall earlier in August. The Board of Supervisors levied 1.14 mills for the shortfall in the county’s 2013-14 tax levy sheet adopted Friday.
Additionally on Aug. 12, Treloar recommended and received approval of an ad valorem request of $2.38 million for this school year. Also at the meeting, the board approved:
• fundraisers for the East Webster High School cheerleaders, EWHS football team and Eupora High School annual staff.
• a recommendation from Transportation Director Phil Ferguson to add a new special education bus route for the East Webster side of the county. This will provide transportation for two special-needs children who attend EWHS.
• personnel actions from Jim Ray, East Webster Elementary School principal, recommending Judy Thompson as a part-time janitor and Gwen Chandler as a substitute teacher.
The school board had a special meeting on Aug. 14. Attorney Jim Keith of Adams and Reese law firm met with the board about legal matters, according to those minutes.
In addition to awarding the shortfall note on Sept. 3, minutes show the board:
• recognized Eupora Elementary School student My’Kya Williams as the Webster County Board of Education Student of the Month.
• approved a request from Angela Mohr for her son, Franklin Rivers Mohr, to transfer to the Webster County School District from the Houston School District, which has released him. The motion passed 3-1, with Nancy Davis (District 2) voting nay; Jimmy Hood (District 3) was absent.
• voted to advertise for bids on two 16th Section hunting and fishing leases that are expiring in October.
• approved the issuance of a $3,800 check to Shaw Towing for the purchase of a maintenance truck for East Webster Elementary.
• approved a resolution congratulating the East Webster High School fast-pitch softball team for winning the 2012-13 state 2A championship.
• approved recommendations for six substitute bus drivers and two substitute cafeteria workers.
• accepted the resignation of Eupora High School cafeteria worker Tammy Locke.
Scott Hollenhead (District 4) was absent Aug. 12.