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Laconia School Board approves $117,000 payment plan to cover SchoolCare pool assessment
Summary
After reviewing a larger-than-expected SchoolCare invoice, the board approved a plan to cover the district's share of a pooled insurance assessment. The pool billed $874,000 for the group; Laconia's portion was presented as $117,000 and the board voted to pay the amount to avoid interest while staff pursue accounting adjustments.
The Laconia School Board voted Oct. 7 to approve a payment plan covering the district's share of a SchoolCare pooled-insurance assessment after staff reported the pool billed $874,000 for the membership group.
Business administrator Diane told the board the $874,000 figure exceeded earlier estimates of $700,000 to $750,000 because the pool applied current-year rates in calculating what member districts owe. Diane said the district's calculated share is $117,000 and recommended paying the bill in full to…
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