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Board approves 10‑year long‑term facilities maintenance plan; revenue projection cited
Summary
Treasurer Trevor Peterson presented the district’s required 10‑year long‑term facilities maintenance plan, explained how the LTFM revenue formula works and said the district projects about $1.2 million in LTFM revenue for the coming year; the board approved the plan for submission to the Minnesota Department of Education.
Trevor Peterson asked the Alexandria Public Schools board to approve the district’s 10‑year long‑term facilities maintenance (LTFM) plan for submission to the Minnesota Department of Education.
Peterson explained the LTFM form includes a revenue projection, a 10‑year expenditure plan, a superintendent’s statement of assurance and an excerpt of the minutes for submission. He said the…
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