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New Albany-Plain Local board approves new capital projects fund, moves $500,000
Summary
The New Albany-Plain Local Board of Education voted to establish a 070 capital projects fund and to transfer $500,000 into it as a way to set aside money for long-term campus projects and to provide flexibility beyond the district's permanent improvement fund.
The New Albany-Plain Local Board of Education voted Monday to establish a new fund, 070 (capital projects), and to transfer $500,000 into it as an initial allocation for long-term campus projects.
Treasurer Jenkins told the board the new fund would operate similarly to the district's permanent improvement account but would offer more flexibility to set aside money for specific projects that were not included in the bond package. Jenkins said the fund could be used for items such as bus purchases, curriculum materials, and capital projects identified in the district's campus master plan, and that…
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