hcs 300 300MADISONVILLE, Ky. (08/08/17) — Hopkins County Board of Education is seeking applications to fill a seat vacated by board member Mike Morgan, who resigned last month citing health reasons.

The position will be advertised according to state statute, and applications should be mailed to the Kentucky Department of Education by Aug. 29.

Superintendent Deanna Ashby announced Solar Eclipse Day is Aug. 21, and there will be no school. Central Office also will be closed.

She said each student will receive glasses and safety information to view the eclipse. That information will be sent home with students Friday, Aug. 11.

District staff and teachers will be available via email and phone to provide guidance to students Aug. 21.

Ashby said last year school ended with 6,600 students enrolled. This year, there are 6,702 students enrolled to begin the first day of school Wednesday.

Director of Finance and Business Eydie Tate spoke briefly on the 2016-17 unaudited annual financial report.

She said the AFR was submitted to KDE on July 24 and that began the audit process with Alfred Nance, Jones and Oakley.

Tate said the general fund year-end balance was $5,048,000 — an increase of more than $1 million from the prior year.

The ending cash balance was $10,795,000, an increase of $373,000 compared to last year.

“That sounds great and it is great, and it shows that we have been good stewards of the finances and frugal with our spending,” Tate said.

She said although the report is unaudited, the district did save an estimated half-million dollars this year after recouping a $2 million loss from 2014.

In a special meeting of the Hopkins County School District Finance Cooperation Financial Advisor with Hilliard Lyons Mike Rawlings out of Paducah said since school districts themselves cannot enter into long-term debt they created the School District Finance Cooperation who actually issues bonds on behalf of the school district and then leases the buildings to the school district.

During the special meeting the board authorized the refinancing of three bond series; 2004, 2007 and 2011.

Rawlings said the state of Kentucky was downgraded by the rating agencies, which will be passed along to all school districts.

He said that means that possibly they will now be able to get higher interest rates on their bonds and an increase of about .1-percent on their current rate and by refinancing all three bond series the district can save about $350,000 through 2031.

The Board approved fundraisers for a district T-shirt sales with proceeds to go 911 Heroes Run for BSMS PTSA, Earlington Elementary PTA to host a fall festival with proceeds to go to PTA activities, EES PTA to sell Paragon catalog item sales with proceeds to be used for PTA activities, Grapevine Elementary to have a book fair with proceeds to be used to purchase books and supplies, GES to sell Paragon catalog items with proceeds to be used for PBIS, student activities and assemblies, GES Backpack Blessings to host a yard sale with proceeds to be used for students, Hopkins County Central Dance Team to host a districtwide elementary dance for grades 3-5 with proceeds to go to uniforms, transportation, fees and choreography and West Broadway PTO to have a T-shirt sale with proceeds to be used to purchase school spirit T-shirts.

The board approved the minutes of the July 17 meeting along with the bills and salaries for the month of August

The next meeting will take be 5:30 p.m. Tuesday, Aug. 22, at Central Administrative Office. Agenda items will be facilities concerns, final staffing for the year and the upcoming tax rate change.

There will be a special tax hearing on Sept. 5 at 5 p.m. to set the new tax rate.

Tammy Holloway
SurfKY News Reporter

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