General Fund: The amendment includes the following increases & decreases:

• Function 00: Decrease revenue for ADA $274,224
• Function 00: SHARS revenue increase $150,000
• Function 00: Interest income increase $683,900
• Function 00: Laptop revenue increase $95,000
• Function 11 & 21: Transfer between functions CTE
• Function 11 & 21: Transfer between functions for software
• Function 52 & 53: Transfer between functions software
• Function 00 & 11:  Medicare part D On behalf increase revenue & expense $330,000
• Function 11,13,23,33,51,52 & 53:  Increase expenses for OT, WC, payroll $154,676
• Function 51: Utilities expense increase $500,000

Overall revenues and expenses net zero.
This amendment does not change the projected deficit.
Debt Service:

• Function 00: Decrease tax revenue with updated levy $396,245
• Function 00: Interest income increase $50,000
• Function 00: Reduce state revenue for hold harmless calculations $964,417
• Function 71:  Reduce early payoff of bonds to maximum of $3,500,000

This amendment creates a deficit budget of $379,154.

Districts and open-enrollment charter schools are required to certify annually to the State Board of Education and the Commissioner that all instructional materials purchased or used by the District will assist in satisfying performance standards; will cover all elements of the essential knowledge and skills in required curriculum, other than physical education for each subject/grade level and will provide TEA with all enumerated information regarding instructional materials.
 

The WSISD Teacher Incentive Allotment Spending plan outlines how and when allotments will paid, minimum performance standards for designated teachers, and contingency plans when designated teachers move or retire.  The spending plan follows regulations that 90% or more of the funds are spent on teacher compensation on the campus where the designated teacher works.
 

The district requested quotes for the Purchase of a forklift. Three quotes were received with
Lonestar Forklift identified as providing the best value to the district based on pricing, availability, and overall responsiveness to the specifications.

The total cost will be $38,000 and is included in the current amended budget.

White Settlement ISD has bonds which are subject to redemption prior to the stated maturity, at the option of the district. It is in the best interests of the district to redeem a portion of these bonds in the near future. For the purposes of exercising this option, an Order Authorizing the Issuance of Unlimited Tax Refunding Bonds will delegate the authority to fully execute these transactions to the Superintendent and the Chief Financial Officer, individually.

It is the districts' recommendation that an Order Authorizing Redemption of Outstanding White Settlement ISD Bonds be approved, delegating authority to the Superintendent and the Chief Financial Officer, individually, to exercise our option to redeem a portion of our outstanding bonds.