The budget of $33,443,400 presented during the school board's regular work session is up about $80,300 from the $33,363,100 budget presented last month and up $1,034,300 from the 2011 budget.
Finance Committee Chairwoman Kelley Dial said although Special Purpose Local Option Sales Tax collection was down from last month -- noted as the highest collection rate in the school system's history at $522,835 -- tax collection averages $397,000 to $398,000 a month.
She reported tax collected in the month of April for May was at $359,525.
"We're very happy with our tax collection rate," Dial said. "We have collected more than what we have budgeted for. ... And, from what we hear from other schools in other counties, [our collection rate is] an exceptionally high collection rate, and we continue to get taxes in from past years as well."
The board also heard a recommendation to approve about $28,400 in SPLOST funds to be used toward server and technology upgrades as well as to open bids for a Metro G3 Smartwall, cashier stands, milk boxes and serving line materials for School Nutrition.
In other school board news, superintendent Howard Hinesley said the board is expected to meet with the Cartersville City Council next Thursday, June 16, to refinance bonds to lower as well as to expedite the sale of two existing bonds.
"We've been working on this for quite some time," Hinesley said. "This will reduce the amount [the school system] has to pay for the existing high school bonds, and in addition to that, we are looking for an earlier payoff."
He said the estimated savings to the school system, if action is taken Thursday and the bonds are sold, will be about $11.5 million after expenses.
The board will vote on agenda items Monday during their regular meeting at 6 p.m. in the central office boardroom.