Policy 3310 – Revenue from Tax Sources

Local Tax Sources

In the process of preparing the annual budget, the Superintendent or Finance Administrator shall
estimate the amount of actual local tax revenue anticipated to be raised, the rate required to produce
the amount, and the rate needed to support the principal and interest payment on bonded indebtedness
and general financial obligations of the District. The Superintendent shall recommend the appropriate
tax rate to the Board of Education for approval.

If required, the Board shall submit to the voters a proposition for increase in the tax rate beyond the
current approved level if it is deemed necessary to obtain increased revenue to meet projected District
expenses. State law and Article X, Section 11C of the Missouri Constitution shall govern tax election
procedures.

State Tax Sources

All state funds will be accepted for the operation of the District as provided by entitlement by law and
through regulations of the Missouri State Board of Education or Missouri Department of Elementary
and Secondary Education.

The Superintendent or District Finance Administrator is responsible for filing all required reports and
forms to obtain state funds to which the District is entitled to receive according to developed rules and
regulations.