Shared from the 3/1/2019 Malakoff Monitor eEdition

Texas Independence Day March 2!

Malakoff ISD Trustees hear financial audit report

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The News Photo/Denise York

Henderson County Commissioners Court issues proclamation making March 2, 2019 Texas Independence Day in the county, honoring the 183rd anniversary of the adoption of the declaration that gave Texans independence. Pictured are HC Commissioner Pct. 3 Chuck McHam (from left), HC Commissioner Pct. 4 Ken Geeslin, Founding President of the James George Chapter of The Sons of the Republic of Texas Charles Luna, HC County Judge Wade McKInney, President of the James George Chapter of The Sons of the Republic of Texas Clayton Starr, HC Commissioner Pct. 2 Scott Tuley and HC Commissioner Pct. 1 Scotty Thomas. The county judge and commissioners wear specially designed Lone Star ties courtesy of the chapter.

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The News Photo/Denise York

The Malakoff ISD Board of Trustees celebrate Malakoff Elementary School chess players for their outstanding performance in UIL competition. Pictured are second-graders Ian Shue (in no particular order), De’Mariya Singleton, Jersey Almond, Kadence Harris, third-graders Lady Perkins, Jemma Storment, fourth-grader Michael Courson and fifth-grader Avery Austin for their performance in recent competition. The students led the Pledge of Allegiance to the U.S Flag and the Texas Flag.

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The News Photo/Denise York

Malakoff Elementary School Principal Ronny Snow (right) accepts a check for $874.55 from co-owner of Kevin Lilly’s McDonalds Jeaneane Lilly for proceeds from McTeacher night, benefitting the school.

MALAKOFF–The Malakoff ISD Board of Trustees heard the 2017/18 annual financial audit report from Auditor David Hopkins of Smith, Lambright and Associates. Hopkins pointed out the statement of teacher retirement system pension liability of $2,643,575, an actuarily determined number that must be reported but is something the board will never have to write a check for, Hopkins said. Governmental funds include cash investments in the general fund of $6,810,965 and debt service $2,033,575. Investments broken down include $5 million in CDs and government pools of $2,972,000.

General fund balance was $6,212,767, an increase of $53,655 over the previous year due to expenditures being down, Hopkins told the group. He pointed to a 3-month expenditures benchmark signifying financial health, which for Malakoff ISD would be $4.5 million. Tax collection is 98.1 percent of current assessment, he added. Hopkins comments to the board were that, “Overall, you are in great shape. You’ve done a great job and you have a good accounting staff. You should be proud.”

In other business, trustees:

• heard reports from each of the principals, including current events going on at each of the schools

• heard the Texas Academic Performance Report from Assistant Superintendent Sybil Norris, pointing out the Accountability Rating of ‘A’ for the district, as well as the distinction for Post-Secondary Readiness. The complete report is available on the district website.

• approved application for Waiver for three Staff Development Days and two Early Release Days for the 2019-20 school calendar

• approved application for the UPLIFT Grant, noting last year the district received $10,000

• heard the Ceremony for Tool Elementary School’s National Distinguished School is 1 p.m. March 7.

See this article in the e-Edition Here