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District seeks authorization to reimburse middle-school expenses from trust fund ahead of bond sale
Summary
School officials told the finance committee they will ask the board in June to authorize an intent-to-reimburse and transfer roughly $3.66 million from the facilities and renovation expendable trust fund to cover early expenditures on the new middle school site at 144 South Street.
The Concord School District finance committee on May 19 heard a report that administrators will ask the school board at a June public meeting to approve an intent-to-reimburse and transfer of trust-fund money to cover construction-related expenditures at the new middle school site on South Street.
The nut graf: Administrators reported approximately $3,663,000 in expenditures to date on the project; the district projects expendable trust fund cash of $17,157,000 as of June 30 and a remaining…
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