The Board of Education, through the adoption of the annual budget, shall prepare an estimate of the
amount of money to be raised by taxation for the ensuing school year, the rate required to produce
the amount, and the rate necessary to sustain the district meeting principal and interest payments on
the bonded indebtedness and providing the funds to meet other legitimate district purposes.
Whenever it becomes necessary, in the judgment of the Board, to increase the tax rate beyond the
authorized level (the amount last approved by the voters of the district or as subsequently revised
according to law), the Board shall determine the rate of taxation necessary to be levied in excess of
the existing rate and submit the proposition to the voters of the district. Election procedures shall
be in compliance with state law and Article X, Section 11(c) of the Missouri Constitution.
The Board of Education will accept all available state funds to which the district is entitled by law
or through regulations of the Missouri State Board of Education and/or Missouri Department of
Elementary and Secondary Education. State funds, both categorical and general, are based upon
objective formulae. The superintendent shall be responsible for ensuring that the district files the
required reports and forms to secure the amount of state funds to which it is entitled.
Applications shall be made for federal funds when available, provided that none of the conditions
of acceptance is in disharmony with state law, the policies, rules and procedures of the Board of
Education and the objectives of the district. The school district shall comply with all federal
requirements governing these moneys, and shall account for each federal project separately and
expend said funds as authorized by the approved project application only.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this section
for other pertinent policies and to review administrative procedures and/or forms for
Cross Refs: CGC, State and Federal Programs Administration
Legal Refs §§ 137.073, .115, 163.021, .031, 164.011 - .041, RSMo.
Mo. Const., Art. X, § 11(c)
34 C.F.R. Parts 75-110
Farmington R-7 School District, Farmington, Missouri
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