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Board approves playgrounds, moves toward capital improvement fund; tennis-court and parking projects planned
Summary
The Cedar Springs board voted to approve two elementary playground projects and signaled support for creating a capital improvement fund by committing $400,000; staff detailed larger summer construction projects including tennis courts and parking reconfiguration.
The Cedar Springs Public Schools board approved two elementary playground replacements and advanced a plan to set aside money for future capital projects at its Feb. 24 meeting.
Administrators presented options for funding upcoming capital needs — using remaining sinking-fund dollars, “pay as you go” from the general fund, committing funds inside the general fund, creating a capital improvement fund (board-committed funds) or creating a public improvement fund (board-restricted funds). The district reported roughly $1.9 million still available in its sinking fund and proposed a $400,000 transfer to start a capital improvement fund to smooth the cost of large projects over several years.
“We currently do have a little over $1,900,000 remaining in the sinking fund,” the district finance presenter said. The presentation said a capital improvement fund preserves flexibility (the board can…
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