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Finance committee outlines budget amendment, property sale and bond‑refunding plan
Summary
Finance staff presented a budget amendment updating multiple funds, reported a potential sale of 10.45 acres to a conservation group (Friends of the Rouge), and proposed refinancing prior bonds with an estimated $7 million in interest savings; board directed items to next week's agenda.
The Finance Committee on Dec. 8 reviewed a multi‑fund budget amendment and several finance actions the district plans to present to the board for formal approval.
Mrs. Smith walked the committee through updates across scholarship, school activities, food service, health and welfare, sinking fund and capital projects funds. She highlighted a monitoring item: potential state action to change the hard cap on employer health‑insurance contributions (PA 152), which could materially affect the district's health and welfare costs. Mrs. Smith told the board the health and…
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