The Indianola Comm School District finance committee reported several fiscal items at the Dec. 8 board meeting, including a short‑term investment move, a procurement discussion for construction management, and concern about declining enrollment.

A finance committee presenter said the district recently moved $12,000,000 to True Bank into a short‑term certificate of deposit earning about 4.05% annual interest as a temporary investment of construction funds. The committee also discussed the pros and cons of using a construction‑management‑at‑risk (CMAR) procurement process to keep the current construction manager while reviewing financial implications.

The presenter said the district is down about 90 students from the Oct. 1 count, which the committee estimated reduces funding by roughly $750,000 for the current year. The committee discussed options to avoid tapping reserves and asked a board member (Brian) to contact IPERS for information on how proposed changes might affect retirees and monthly benefits before moving forward.

The committee also noted remaining bond sale proceeds and that the district will start using an additional $30,000,000 in sales tax funds when appropriate; the group said more information and follow‑up will be brought back to committees to avoid immediate effects on staff and finances.