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School board earmarks fund balance to reserve money for a 3-year capital project list
Summary
Lawrence County School Board voted to set aside district funds to reserve estimated dollars for a prioritized, three-year capital project list; each project will return to the board for final approval of scope and cost.
The Lawrence County School Board voted June 26 to earmark district fund balance dollars to reserve estimated costs for a prioritized, multi‑year capital project list focused first on safety and then on maintenance and facilities upgrades.
Board members, district staff and principals collaborated on a recommended list during a recent retreat; the board’s vote authorized the district to set funds aside so they are not spent on other items but did not approve individual projects or construction contracts.
“Mister Tucker, Miss Elridge and I put together this prioritized list,” said Mister Atkins, director, explaining that projects will be submitted back to the board for specific approval as each project's scope and final cost are developed. Board members asked for clarity about how cost overruns would be handled; administration said any project costing more than the estimate would need a separate approval vote.
The board passed the motion to earmark funds by roll call. Board members discussed that the district maintains a recommended fund-balance policy (3% of operating costs was cited as a baseline) and noted the district currently exceeds that minimum.
The board said it expects individual project proposals — for items such as roofing, parking lots, security upgrades and multipurpose buildings — to return for formal approval with finalized budgets and construction plans.
Ending: The funds will be reserved; the board will consider each project’s final scope and contract in future meetings.
