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Board approves capital‑facilities budget transfers; staff cite increased bond interest and urgent repairs
Summary
Trustees approved capital‑facilities budget transfers to cover Davidson Middle School modernization, field projects and urgent structural repairs at high‑school locker/gym facilities, citing higher bond interest income and a set of state TK allocations.
The San Rafael City Schools Board voted to approve a set of capital‑facilities budget adjustments on Nov. 4 after staff described a mix of new state awards, higher interest income on bond funds and urgent repair needs that exceed current line‑item budgets.
Staff said the district has realized more interest income on bond funds than initially projected; those earnings, together with a modest carryover and newly listed state TK allocations (Coleman, Bahia Vista, Venetia Valley), were the source for most recommended transfers. The large items approved include: a proposed…
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