The district also contracts with BCAD to collect its property taxes. Daily tax collections are deposited directly into the Lone Star Liquidity Plus Fund. The director of Business is responsible for issuing bonds and other debt instruments managing debt service. This issue represented the entire authorization as approved by voters in 1997. Exhibit 5-1 presents the district's outstanding debt at the end of fiscal 1999.
Health insurance is bid each year with the involvement of an insurance committee.
Before enrollment, employees receive information about the coverage options available and the related costs. At their own expense, employees may enroll in voluntary supplementary insurance benefits, the cost of which may be deducted from their pay checks. Voluntary products include dental, life, cancer and long-term disability coverage. The district also provides unemployment compensation and workers' compensation insurance. A maximum of five days is allowed per year for sick leave, with a maximum accumulation of up to 30 days and a reimbursement provision at retirement.