LAKE DALLAS - School board members recently lengthened Superintendent Gayle Stinson's five-year contract an additional year.
The new contract increases Stinson's more than $157,000 salary by 2 percent, or more than $3,100. ON THE WEB
• Audit reports: www.tinyurl.com/7awcqwl• Financial reports: www.tinyurl.com/886a6sa IN OTHER ACTION
During the meeting, board members also:• Announced that beginning in February it will start meeting at the district's Support Service Building, the old Lake Dallas Primary School, and will no longer have meetings at Lake Dallas Middle School. • Approved action to offer an early notice incentive to employees for a second year. The first 20 full-time contract employees to inform the district of their resignation will receive $1,000, and the first 20 paraprofessionals and auxiliary staff will receive $500. District officials say this is not an incentive to get employees to leave but a planning tool that will allow the district to better plan staff decisions for the following year. A maximum $30,000 has been set aside for the incentive program, said Wes Eversole, the district's deputy superintendent of finance and operations. The early notice incentive program was established last year and, at the time, 13 professional and eight paraprofessional employees took advantage of the program, Eversole said. • Approved the disposal of three portable buildings at the Support Services Building.
"I'm elated to be able to work in a district that I love for so many reasons," Stinson said last week. "I appreciate the confidence shown by the board."
Under Stinson's leadership, Lake Dallas was among 44 school districts last year named recipients of the Texas Comptroller's 2011 Texas Honors Circle Award - an honor bestowed to Texas school districts and charters for achieving substantial academic growth among students while keeping expenses relatively low.
Board president Sandra Drusch said the acknowledgement factored into the board's decision.
Stinson was named the 2011 Region XI Superintendent of the Year and was also a finalist for the state award.
Board members also unanimously approved the 2010-11 audit report.
"It's a very good report," said Jerry Eastup of Denton-based accounting firm Hankins, Eastup, Deaton, Tonn & Seay, who presented the audit to the board. "There were no findings or questioned costs … so that's very good."
From Sept. 1, 2010, through Aug. 31, the district went from nearly $7.15 million in reserves to nearly $8.2 million.
Debt service reserves last fiscal year, according to the report, declined by more than $570,000 because of a decrease in tax revenues - the district started the year with close to $1.5 million in the account and finished with more than $913,000 in reserves.
Reserves from the child nutrition fund increased from more than $245,000 to more than $336,000.
Drusch said she was pleased with the audit and the fact the district finished the year under budget in some areas.
"We always have a good audit but this one was outstanding," she said. "It was a perfect audit. You couldn't ask any better than that."
BRITNEY TABOR can be reached at 940-566-6876. Her e-mail address is email@example.com .