June 28, 2001

SCR-I School Board Prepares For Upcoming Year At June Meeting

The June meeting of the Scotland County R-I School Board was dedicated to preparation for the upcoming school year with numerous services and bid proposals received.

The board received three bids for the district's financial services. The contract was being renewed for the fiscal years 2001-2003. Bids had been solicited for the two-year cycle and delivered to the superintendent's office by June 19.

The Bank of Kirksville, Community Bank of Memphis and Firstar submitted bids for the requested services.

The board reviewed the proposals and based their decision on the interest rates provided on the district's checking accounts.

Bank of Kirksville received the bid after submitting rates of 3.25 percent for a Super NOW account and 4.25 percent on the money market account. Firstar submitted a bid of 3.09 percent for the Super NOW account and 3.34 percent on the money market while Community Bank of Memphis submitted a bid of 2.25 percent on the NOW account.

Bank of Kirksville, which had previously held the service contract, was renewed for another two-year contract by a unanimous vote of the board.

Food & Milk Bids

The board also reviewed bids for the food services' milk and bread accounts.

Food service manager Terry Arnold solicited bids for both services with the board receiving two bids for the milk contract and one bid for bread service.

Arnold noted that the bids were all significantly higher than the previous year.

The board voted to accept the bid from Prairie Farms Dairy of Quincy, IL, for the milk service and from Earthgrains Bakery of Dubuque, IA, for the bread service.

Financial Transfers

Each year a school district is allowed by the Department of Elementary and Secondary Education (DESE) a one-time window to transfer no more than half of the unused revenues from the Teacher and Incidental Fund to capital improvements projects.

The transfer can only be made if the fiscal year tax rate has not exceeded that of the 1993-94 rate. If no tax rate increase has been implemented over that time span, a district can move up to 50 percent of the funds in these two accounts to the capital projects fund to help the district pay for construction, renovation and other improvements to the district's facilities.

The district was able to transfer $153,143.73 from the two accounts to the capital projects fund. The board voted 7-0 to approve the transfer.

Office Personnel Salaries

The board received the recommendation of the salary committee for the fiscal year 2001-2002 for all certified office personnel.

The board reviewed the proposal and voted 7-0 to follow the recommendation of a six-percent salary increase across the board for all certified office staff members. The district also will increase the transportation reimbursement and expense payments by 10 percent to offset the increase in fuel costs for the district's three administrators.

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