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Beatrice board approves $2.8M interfund loan, routine contracts, fees and repairs
Summary
At its regular meeting the Board of Education approved a resolution to borrow up to $2.8 million into the special building fund for a new pre-K–5 elementary school and approved a set of routine contracts, bus fees and kitchen repairs.
The Beatrice Public Schools Board of Education approved a package of routine operational items and a resolution to move funds to the district’s special building fund to cover construction obligations for a new pre-K–5 elementary school.
Interfund borrowing: The board adopted a resolution to transfer and borrow up to $2,800,000 from the general fund (or other permissible funds) into the special building fund to apply toward the new elementary-school project. The resolution cited Nebraska Administrative Code Title 92 Chapter 2 Section 003.0.04c and referenced Nebraska statutes in the motion. Jason explained…
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