During the board meeting, the superintendent said the district will receive $30,000,000 for its "Building Tomorrow's Schools" initiative and that district staff expect an initial draw of about $2,000,000 to support early construction work. The superintendent said district finance staffer Rosa will request PECO funds to cover those draws.
The superintendent also said an item referenced as "11.21" represents the district's final payment on a land purchase and that the district will reimburse itself for prior engineering work. The presentation stated that roughly $2,100,000 previously recorded in property-related expenditures will be returned to the district's capital funds.
Board discussion at the meeting was informational; no formal vote on these transfers was recorded in the public portion of the meeting. The superintendent described the $30 million as a construction allocation that will be drawn down as work proceeds and said the finance office will handle PECO requests and reimbursements.
The district did not present a formal timeline for construction milestones or final closing dates for the land payment during the meeting. Board members expressed general approval of staff handling and thanked the finance team for managing the transactions.