WGSD Board of Education Approves Tax Rate
The Board of Education has set the school district tax rate for 2020-2021, with a slightly lower residential operating levy for homeowners.
The board approved a residential operating levy of $4.1054 plus $0.5699 for debt service for a total of $4.6753, following a tax hearing in September. A taxpayer who owns a home with a market value of $300,000 will see a decrease of $5.00 over the previous year, assuming the home’s assessed valuation doesn’t change. The 2020-21 commercial operating levy will be $4.5718 plus $0.5699 for debt service for a total of $5.1417. This is a decrease of $0.3419 from last year. The personal property operating levy remained the same at $5.90 and $0.5699 for debt for a total of $6.4699.
Pam Frazier, district chief financial/operating officer, said, “Property taxes, which make up two-thirds of the district’s funding, are used to provide a high-quality educational experience for our students.” She said that the district continues to keep a careful watch on funding and expenditures, which have been adversely affected by the COVID-19 pandemic.
WGSD Receives Clean Report From Auditors
Auditors from Clifton Larson Allen issued a “clean opinion” for the Webster Groves School District, noting no deficiencies in internal controls of financial reporting, the highest positive rating that an auditing firm can give. The auditing firm also checked the reasonableness of the internal controls to help ensure district assets are being properly safeguarded.
The unmodified opinion for the 2019-20 school year expresses that the financial statements are presented fairly in all material respects. No significant adjustments to the district's financial statements were required. The management letter reflects that all significant transactions have been recognized in the financial statements.