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Committee establishes South Shore Educational Collaborative capital reserve fund and authorizes extraordinary repairs spending
Summary
Hingham approved the South Shore Educational Collaborative’s request to establish a capital reserve fund (no new district assessment; funded from collaborative tuition) and authorized use of extraordinary capital repair funds and an additional $200,000 approval (total authority requested ~$269,986.36) to cover HVAC and roof repairs this winter.
The committee approved two finance-related items affecting district and collaborative facilities.
South Shore Educational Collaborative capital reserve: Michael Loesch described a request to establish a capital reserve fund for the South Shore Educational Collaborative so the collaborative can proactively save tuition receipts to fund capital projects (no…
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