Glossary of Terms

ADA:

(Americans With Disabilities Act) Legislation passed in 1990 that prohibits discrimination against people with disabilities. Under this Act, discrimination against a disabled person is illegal in employment, transportation, public accommodations, communications and government activities. The law prohibits private employers, state and local governments, employment agencies and labor unions from discriminating against the disabled. Employers are required to make reasonable accommodations in order for the disabled person to perform their job function

 

Bond:

a sealed instrument under which a person, corporation, or government guarantees to pay a stated sum of money on or before a specified day.

 

Bond Principal:

The face value of a bond, separate from interest

 

Bond Proceeds:

The money paid to the issuer by the purchaser for a new issue of municipal bonds, used to finance a project or purpose for which the bonds were issued and to pay certain costs of issuance. This is equal to the par amount of bonds, plus accrued interest, less original issue discount plus premium.

 

Debt Service:

The cash that is required for a particular time period to cover the repayment of interest and principal on a debt.

 

Enrollment:

The total number of students properly registered and/or attending classes at a school

 

 Interest:

a :  a charge for borrowed money generally a percentage of the amount borrowed

b :  the profit in goods or money that is made on invested capital

 

JROTC:

Junior Reserve Officer Training Corps (JROTC) is a program offered to high schools that teaches students (Cadets) character education, student achievement, wellness, leadership, and diversity. Collectively, these lessons motivate students (Cadets) to be better citizens.

 

M&O Tax Rate

the M&O tax rate provides funds for the maintenance and operations costs of a school district.

 

Principal:

A sum of money lent or invested on which interest is paid.

 

STEM:

is an acronym referring to the academic disciplines of science, technology, engineering, and mathematics

 

Tax Rate:

The tax rate is the tax imposed by the federal government and some states based on an individual's taxable income or a corporation's earnings.


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