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Board approves monthly vouchers and treasurer’s report; staff reports $14.9M bond sale
Summary
Trustees unanimously approved the monthly voucher list and accepted the monthly treasurer’s report; administrators reported the district sold $14.9 million in bonds at 4.41% interest and expect roughly $1.5 million in interest‑cost savings versus initial projections.
At the meeting the Mosinee School District Board of Education approved the monthly voucher list and accepted the monthly treasurer’s report by roll‑call vote, and administrators reported on a recent bond sale and the district’s construction planning timeline.
On the voucher list, the board recorded affirmative roll‑call responses from trustees listed in the meeting transcript: Donna (yes); Megan (yes); Kevin (yes); Philandra (yes); Jessica (yes); Kelly (yes); Diane (yes); and Keith DePaul (yes). The board then approved the monthly treasurer’s report by roll call with similar affirmative votes recorded.
In an administrative update, an unnamed staff member said the district sold its first set of bonds for $14,900,000 at an interest rate of 4.41 percent. The presenter said that, based on the sale, the district expects to save about $1,517,500 in interest payments over the life of the bonds compared with prior projections. The presenter outlined a schedule for next steps in construction planning: meetings with engineers after spring break, preparation of bid documents with a goal of issuing bids in late April or early May, and bid openings around the end of the school year.
Administrators also asked whether board members planned to attend a regional legislative dinner in mid‑April; trustees were asked to RSVP so the district could register representatives. The meeting attendee list provided for that event included several legislators but did not list the district’s two legislators at the time the invitation was discussed.
Why it matters The voucher and treasurer approvals clear routine monthly financial business. The bond sale provides the district with capital funding for building projects; the reported interest‑cost savings are meaningful to long‑term debt service planning and may free capacity in future budgets for construction or maintenance.
