School board approves personnel bonus
Teachers and personnel of the Rector School District will benefit from the recently approved federal jobs bill.
In Monday night's regular meeting, the Rector School Board approved using a portion of money the school will receive -- essentially stimulus funds in the amount of $192.38 per student enrolled -- to provide bonuses for school employees. All certified employees will receive a one-time payment of $700. Classified employees will receive bonuses based on their contracts, with amounts differing based upon the number of hours worked.
"Really, it's stimulus money that we're going to pass on to the teachers," superintendent Rob Louder said. Louder also noted Gov. Mike Beebe encouraged schools to utilize the funds for employees during a recent speech at the state superintendents meeting.
The funds for the bonuses are being made available through the Education Jobs Fund Program, which is providing Arkansas with approximately $90 million in federal funds. Funds are distributed to eligible schools, such as Rector, based on the prior year's three-quarter daily enrollment.
These funds may be spent for obligations which have arisen since Aug. 10, 2010, and must be used prior to Sept. 30, 2012.
Students, faculty and other employees will have next week off, as the school will celebrate the holidays with a break from classes Dec. 20 through Dec. 31. Regular scheduling will resume Monday, Jan. 3.
"I think everyone is looking forward to the holidays and spending time with their families," Louder said. "The break is good for the students and teachers. It lets everyone take some time off and recharge their batteries."
In other business, the Board:
* Approved the minutes from the November meeting.
* Approved the financial report for November.
* Heard from Louder the district currently has $1,241,498.66 in total assets.