LISD 2009/11/09November 9, 2009
Dr. Jerry Roy
Superintendent of Schools
Lewisville ISD
P. O.Box217
Lewisville, Texas 75067
RE: Coppell Education Development Corporation
Dear Dr. Roy:
Effective April 2008 the city of Coppell discontinued the collection of the half -cent sales
tax for education. Therefore, to assist the school districts in the distribution of fund
balances, the Coppell Education Development Corporation has authorized adjusting two
significant changes to the grant allocation process. Multi year grants will now be
considered. Secondly, the threshold under which staff is authorized to distribute remaining
funds without the need for a new grant submission has been raised from $1,000 to $10,000,
provided the funds are applied to a previously approved grant for a qualifying use. In both
cases, the financial reporting requirements continue until the Coppell Education
Development Corporation is provided with receipts for all associated expenditures.
As of September 30, 2009 the Lewisville Independent School District shows a budgeted
allocation plus carryover of $3,381.70. We are requesting that your school district submit a
request for this remaining funding, including any interest that might have accrued. Please
indicate how you intend to apply the funding to a previously authorized grant qualifying
use. As stated above, you will be required to provide the Finance Department with
documentation accounting for the expenditure of the fund balance until all funds have been
expended.
Following this process will allow the Coppell Education Development Corporation to
sunset as all funding will have been expended. If you have any questions please feel free to
contact me at 972 - 304 -3618.
Respectfully,
Clay Phillips
City Manager
CP /dgc
T H E •C 1 T Y •O F
COPPELL
255 PARKWAY * P.O.BOX 9478 * COPPELL TX 75019 * TEL 972/462 0022 * FAX 972/304 3673