Solanco SD reports $13.5 million in August tax receipts; board approves fund reports and HVAC change order

The Solanco School District Board of School Directors on Sept. 15 approved monthly financial reports showing large August tax receipts, discussed incoming insurance proceeds related to water damage at a district facility, and voted to approve a high-school HVAC change order that the district described as reflecting unused allowances.

Board business manager Missus Tucker told the board that total general fund receipts for August were $13,536,737.26, with disbursements of $4,269,659.41 and a month-end increase of $9,267,077.85; she said about $13 million of the receipts were from taxes and that the general fund balance on Aug. 31 was $28,176,893.09. On the capital project fund she reported August receipts of $393,762.75 and disbursements of $721,839.21, a monthly reduction of $328,076.46, with a balance on Aug. 31 of $30,907,355.99. Tucker said the capital project fund balance includes an initial insurance payment tied to “Smith water damage” and that additional insurance proceeds are expected as claims are finalized, though she did not specify an amount.

Why it matters: the district’s cash position and insurance recovery plans affect near-term capital work and scheduling of repairs or replacements. Board members asked clarifying questions about the gym floor referenced in the capital project discussion; Tucker said the insurance company’s recommendation at this stage is replacement and that the building committee will finalize decisions at its next meeting.

The board also approved the cafeteria fund report. Tucker reported cafeteria receipts for August of $21,362.50, disbursements of $31,121.54 and a month-end balance of $1,808,451.90. She told the board that new cafeteria kitchen equipment has been received and mostly installed and that a demonstration and a board tour of the high-school kitchen will be arranged.

High-school HVAC change order: Tucker presented a change order from H. Nissan Electric (as described in the meeting) that reflects unused allowances totaling $13,098.44. She told the board there had been one prior change order for $20,000; if the newly presented change order is approved, Tucker said the contract’s ending balance would be $1,412,009.56 (as stated at the meeting) and described the net effect as a decrease of $33,000. Tucker said there were no increases for that contract. The board moved, seconded and approved the change order by voice vote; no opposed votes were recorded.

Votes at the meeting were taken by voice; board members approved the minutes and the three fund reports, and they approved the HVAC change order after discussion. The board adjourned without entering executive session.