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School board approves using returned ESSER reimbursements toward high school bond obligation
Summary
Halifax County school board approved a plan to apply recovered ESSER reimbursements and other one-time revenues to reduce the local share of the new high school bond obligation, voting unanimously to accept the finance staff's proposal.
The Halifax County School Board voted unanimously to apply recent ESSER reimbursements and other one-time revenues to reduce the district's remaining obligation tied to the new high school project.
Board members approved a finance plan presented by district staff that directs anticipated ESSER reimbursements for HVAC work and other one-time funds toward the school division's remaining $2.7 million obligation of a previously agreed $4 million local contribution. The board took the measure during its July meeting after a staff presentation on available funding and timing.
Board discussion and staff presentation
Doctor Bucklew, the district finance presenter, told the board that $560,915.34 in HVAC contractor payments from the prior fiscal year are eligible for reimbursement and that the…
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