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Finance committee recommends $4.56M transfer to cover new middle school capital expenditures
Summary
The committee recommended the Board of Education authorize a $4,562,299.49 transfer from the facilities and renovation expendable trust fund to cover capital expenditures on the new middle school project and discussed reimbursement timing, architect credits and potential borrowing needs.
The Concord School District finance committee recommended the full board authorize a $4,562,299.49 transfer from the facilities and renovation expendable trust fund to cover capital expenditures for the new middle school project. The motion passed in committee.
Committee members reviewed a revised intent‑to‑reimburse document submitted to general counsel and bond counsel and discussed the limits on the district's ability to reimburse past expenditures. Jack…
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