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Middletown board creates 070 capital improvement fund to protect projects amid federal uncertainty
Summary
The board approved creating a capital project fund (070) to hold money for specific capital uses while federal ESSER funding remains uncertain; staff proposed transferring funds into the new account to pay for items such as Bardin Stadium work, new fuel tanks and book purchases if needed.
The Middletown City School Board approved a new capital improvement fund, labeled 070, April 28 to set aside dollars for specific capital projects while federal reimbursement remains uncertain.
Treasurer Randy Bertram told the board the district is planning the fund to isolate capital expenditures and avoid misrepresenting grant‑funded spending in other accounts. He said the fund would make it…
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