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Board approves $1.7 million capital fund request to buy seven school buses
Summary
The board approved moving $1.7 million from capital funds to purchase school buses and cover property insurance; district staff said seven buses will be acquired and remaining capital funds will be escrowed or used for future projects.
The Bullitt County Board of Education approved a capital funds request to move $1,700,000 toward school bus purchases and property insurance, the board recorded in a unanimous vote. District staff said the capital fund balance available was $1,788,699.90 and that the requested amount would cover the anticipated bus purchases.
The transfer matters because restricted capital funds can be used for a narrow set of purposes, including bus purchases, allowing the district to avoid using general fund dollars for the fleet. Board members asked how many buses could be acquired; staff answered seven.
Board member Miss Neal moved the recommendation and Miss Hodges seconded; the vote was recorded 5‑0. Staff noted that any remaining capital fund balance would be escrowed and restricted for future construction projects and that the request aligns with restricted‑fund rules for capital use.
Background: District staff described restricted capital funds and the items eligible for such funding. The motion clarifies that the district intends to use capital funds rather than general fund monies for bus procurement and related insurance.
Next steps: Facilities and procurement staff will complete the bus acquisition process consistent with district procurement policies and return to the board with contract documents and delivery timelines as appropriate.
