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Board approves $52M bond anticipation note, adopts several routine motions
Summary
The Waunakee Community School District Board voted to approve a $52 million bond anticipation note and passed a series of committee-recommended items, including preliminary 2025–26 budget planning, Title IX policy updates, facility priority projects and consent-agenda items.
The Waunakee Community School District Board of Education approved a $52 million bond anticipation note and cleared several committee-recommended items during its regular meeting.
The board unanimously approved the bond anticipation note tied to the $175 million referendum projects, accepted the budget committee’s preliminary planning document for 2025–26, adopted updated Title IX policies reflecting the 2020 regulations, and approved a subset of priority-1 facility maintenance projects and consent-agenda items, including donations and early-college enrollments.
Why it matters: The bond anticipation note provides interim financing for the district’s referendum construction and maintenance program; the board’s broader package of votes sets planning assumptions for next year’s operating and capital budgets and updates key policy compliance documents.
The bond anticipation note Steve (staff member) told the board the $52,000,000 bond anticipation note sale was completed earlier the same day and that the winning bid from Wells Fargo came in at 3.617 percent, about $975,000 below the interest estimate in the district’s prior plan. Steve said the April 1 closing date gives the district an extra year of flexibility in scheduling permanent financing. The board then approved the authorizing resolution by roll call; recorded votes were all in favor.
Budget planning and policies The board moved forward the budget committee’s preliminary 2025–26 planning document, which assumes a status-quo funding baseline pending the state budget. The board also approved updates to Title IX policies to reflect the 2020 federal regulations; administration said staff training on the updated procedures will follow.
Facilities and consent items A subset of priority-1 summer capital-maintenance projects (including PA/clock system wiring and replacement cafeteria tables where lead times require early orders) was approved after facility-committee consideration. The consent agenda passed, with the co-curricular report voted on separately. The board acknowledged two gifts: approximately $1,360 in equipment for a tech/engineering instructor and a pledged $60,000 per year for three years from the design partner EUA to the student financial assistance fund.
What didn’t change tonight Board members discussed other items in committee reports (insurance/benefits procurement and the district’s continued study of self-funding options) but did not take additional board-level action beyond the items listed above.
Votes at a glance - Resolution authorizing issuance and sale of $52,000,000 bond anticipation note, series 2025 (per Wis. Stat. a7 67.121(4)): passed by roll call (unanimous). - 2025-26 preliminary budget planning document: approved. - Title IX policy updates (reflecting 2020 rules): approved. - Facility committee subset of priority-1 projects (clock/PA wiring at Arboretum and cafeteria tables at Prairie, among items): approved (committee recommended; full board approved). - Consent agenda (including donations and early-college enrollments): approved; co-curricular report approved separately.
Board next steps: Administration will proceed with the bond closing paperwork and continue committee work on insurance carrier recommendations, wage-planning details, and longer-term capital scheduling.
