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Finance committee reports 12 renovation applications totaling about $12.8M and highlights a 'Best Buddies' playground proposal
Summary
The finance committee reported 12 applications in the school revolving renovations fund totaling about $12.8 million, noted possible partial forgiveness under E79 funding (example cited: roughly 50% of a $6 million borrowing), and previewed a proposed Best Buddies playground program for Buxton Center Elementary School.
Director Moran reported for the Committee on Finance and Facilities that the committee reviewed payroll and interim financial reports and found no concerns. He said the committee reviewed capital reserve and other fund balances and received a presentation from Mr. Pendleton on a Best Buddies playground program for Buxton Center Elementary School.
Moran said the district has "12 applications in there" in the school revolving renovations fund totaling "about 12,800,000." He added the board has used the program before and that depending on an E79 funding rate, part of borrowing could be forgiven; as an example the report noted if $6,000,000 were borrowed "that maybe 50% of that would be forgiven." The committee also approved appointments to the budget advisory committee and expects the advisory committee to begin meeting soon.
No formal board action on these capital or playground proposals was taken at the meeting; committee recommendations and applications were listed in the board packet for further review.
