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Sinking fund, 10-year facility plan and capital projects fund: district outlines multi-year projects and a $2.4M set-aside to finish bond work
Summary
Board received a multi-year update: the district uses a 10-year facility plan tied to its sinking fund; 2025-27 projects include roofing, paving, pool work and specialized HVAC; staff proposed a $2.4 million capital set-aside to complete 2021 bond projects and said capital projects fund receipts since 2015 total about $14.6 million.
At the building and site committee, district leaders reviewed the sinking fund's role in a 10-year facility plan, presented candidate projects for 2025-27 and summarized the capital projects ("Q fund") receipts and uses since 2015.
Superintendent-level staff said a 10-year facility plan guides district priorities (roofing, paving, boilers and specialty systems) and allows the district to spend sinking-fund dollars on predictable, one-time capital needs rather than on recurring operating costs. Facilities staff and the board highlighted recent projects completed or in progress: central office partial paving (phase 1), partial and full roof replacements…
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