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Board approves budget amendment, accepts $20M bond proceeds and awards facilities contracts
Summary
The board approved Budget Amendment No. 2, acknowledged receipt of $20 million in bond proceeds, approved several facilities contracts (surveying; concrete/asphalt repairs) and added a summer‑school SRO with the city paying half the cost.
District finance staff told the board the district received $20 million in bond proceeds in April and that the new funds will increase reported revenues on the current budget amendment. The board approved Budget Amendment No. 2, which shows about $77 million in revenue and $52 million in expenses; staff said much of the apparent $25 million surplus is bond money and that operational budgets are projecting…
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