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District staff reviews tentative five-year work plan; classroom additions, revenue and maintenance lists outlined
Summary
District staff reviewed the tentative five-year capital work plan, describing revenue assumptions (1.5 mills, PECO, half-cent sales tax, ESSER), a long project list of roughly 270 items, planned classroom-capacity additions and a schedule for bringing individual project contracts back to the board.
Jim Lipsey, district staff member, reviewed the Hernando County School District's tentative five-year work plan, describing it as the district's capital financial planning tool and explaining how projects and revenue are entered into the DOE EIFS system for state reporting.
Lipsey said the plan groups projects into major categories and includes projected capital outlay revenue from the district's 1.5 mill levy, with a table that also shows a theoretical increase to the allowable 1.75 mills. He described additional revenue sources the plan lists, including half-cent sales tax proceeds, federal grants such as ESSER, PECO funds (noting a $240,000 pass-through for charter schools), impact fees and possible new certificates of participation or loans. He told the board that the fund-balance projections shown are estimates and that the budget and finance department recommends retaining about $4 million as a balance.
On expendi…
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