Taylor told the school board he had sent a petition Sept. 25 to Dr. Tom Kimbrell, the new commissioner of the Arkansas Department of Education, in response to a letter sent to the school. This letter advised the school that it has "complied with all department recommendation and requirements for removal from fiscal distress." The next step was to send a petition to the State Board for removal from the list, which Taylor said he had done.
Oct. 12 the State Board will hold a meeting in Little Rock, which Taylor said he would be attending. The board will go over the school's petition and make a decision that day. "I think it's just a formality, and they will remove the school district off the fiscal distress list," Taylor said.
Oct. 12 is also the day of the next school board meeting. "Hopefully, I'll be coming back (before the meeting) with the news that the board voted favorably on our behalf," Taylor said.
"That's good news," board president, Mark Cooper, said. In new business, the school board approved the 2009-2010 school budget, which includes money to specifically fund the Arkansas Comprehensive School Improvement Plan (ACSIP) that is about $409,000. Also included in the budget are stimulus funds from the American Recovery and Reinvestment Act of 2009.
"We started the '09 school year with $183,385, and we ended with a legal balance of $267,339.35," Taylor said. "So, that's what we'll be beginning our budgeting process with, our beginning budget of $267,339.35. We'll be handling $4,105,291. This year that (amount) is what revenues will be coming in to us. According to our budget, the way the plan is set out, we should be finishing the year with $606,459.33. We budgeted fairly conservatively when it came to income and pretty liberal when it came to expenditures. Revenues in reserves should be about 17 percent of expenditures."
"Our total revenue from the government this year will be $762,436," Taylor said.
The next regular Mammoth Spring School Board meeting is scheduled for Oct. 12 at 7 p.m. Those interested are welcome to attend.