From the Superintendent’s Desk:

Sturgeon R-V patrons living in Boone County- I received a call from Pat Lensmeyer (Boone County Collector) today regarding your personal property tax statements. She informed me that your statements are broken down into the four funds that the school must divide their taxes into. I wanted to explain the four funds and what they are.

Fund 1 – Fund 1 is the operating fund. The district expends funds from the operating fund for operational costs to run the district day to day and support staff salaries. Items that would be paid for from this fund would include: textbooks, classroom materials, electricity and natural gas.

Fund 2- Fund 2 is the teacher’s fund. The district expends funds from the teacher’s fund for certified teachers’ salaries and administrator’s salaries. It is common that the largest cost in a school district is personnel to ensure that students’ needs are met.

Fund 3- Fund 3 is the debt service fund. The district expends funds from the debt service fund to pay off general obligation bonds the district has issued with the permission of the voters. The funds in the debt service fund can by law only be used to pay off bond indebtedness.

Fund 4- Fund 4 is the Capitol projects fund. The district expends funds from the capitol projects fund for major repairs or renovations to the school facilities during the fiscal year. A district is allowed to transfer into fund 4 if the need arises but there are stipulations on the amount that can be transferred.

I hope that this helps clear up any confusion you may have in reading your personal property tax statement. If you have any questions please feel free to call Mr. Schultz at the district office. The number is 573-687-3515.

Thanks for your time and GO BULLDOGS!!!