By Lindy Keyser

Special to the Press

The Prosper ISD School Board held their monthly meeting last Monday with the start of a new school year right around the corner. The board approved a new budget of $69.8 million, with $54.6 million approved for the general fund. The rest of the budget is divided up for debt service ($11.85 million plus an additional $3.05 million from the general fund), food service ($2.5 million), title and special education fund ($600,000) and the athletic activity fund ($250,000).

The projected tax rate is set for $1.67 per $1,000 of assessed value ($1.17 for maintenance and operation and .50 for debt service). The tax rate is the same as the previous two years. The district has scheduled a tax rate hearing for the next school board meeting set for Sept. 16.

The current enrollment for PISD already exceeded 6,400 students before the first day of school, which is nearly 900 more students than the start of school last year.

In other business:

n The Board approved the list of evaluators for the Professional Development Appraisal System, which is the state’s approved method of appraising teachers and identifying areas that would benefit from staff development. The 2013/2014 Disciplinary Alternative Education Program (DAEP) Handbook was also approved and is available online.

n The board also approved the Financial/Investment/Tax Reports for July 2013 with local revenue exceeding 100 percent, meaning that more students were realized than were projected in the budget. As of the end of July, the district had approximately $50.1 million, $26 million of which is general fund and the rest dedication to construction, capital and interest and sinking funds.

n The Board approved the end-of-year amendments, including several to move money between existing functions to ensure that none ended the fiscal year in deficit. They closed out the fiscal year with the budget bottom line unaffected in any way.

n The Board approved the intent of the designation of monies through a transfer of funds to Construction retaining at least four months of general operating in the general fund balance, which is consistent with the Board’s investment fund balance policy while transferring excess funds into a separately designated construction account for future projects.

n The ongoing technology expenditures under the prior authorization along with capital improvements were approved, as was the Letter of Intent for the Texas Education Agency as it applies to the wealth equalization required by TEA status for the 2013-2014 school year.

N Huckabee Architects were granted authorization to move forward on designs for the fifth and sixth elementary schools and potential future school sites were discussed. No action was made regarding the purchase or acquisition of new PISD locations.

The meeting closed with the approval of the final list of new employees rounding out the PISD staff this school year.