Temple ISD board approves $2.1 million reimbursement resolution ahead of June bond sale
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Summary
Trustees voted to approve a resolution permitting Temple ISD to spend $2.1 million from the general fund on bond-planned capital projects now and be reimbursed from bond proceeds after a planned June 2026 bond closing.
The Temple Independent School District Board of Trustees on Jan. 12 approved a resolution authorizing the district to expend an additional $2,100,000 in general-fund dollars for capital projects that will later be reimbursed from bond proceeds, district staff said.
Kent Boyd, assistant superintendent of facilities and operations, told trustees the request follows an earlier reimbursement resolution presented in October for $400,000. Boyd said the district plans to close on its first bond sale in June and would receive proceeds shortly thereafter, but some bond-funded work needs to begin before that closing.
"This resolution authorizes the district to expend an additional $2,100,000 for those items," Boyd said. He added that the expenditures were already planned in the budget and that bond counsel McCall, Parkhurst & Horton provided legal guidance on the reimbursement approach.
Missus Alexander moved to adopt the resolution and Missus Cook seconded. After a voice/hand vote, the presiding officer announced the motion passed.
Board materials and presenters described the practice as common for districts that wish to start projects before receiving bond proceeds; the district said the items to be reimbursed are infrastructure projects already included in the bond budget and planned in the district’s capital schedule.
No roll-call vote with individual board member tallies was recorded in the transcript; the board confirmed the motion passed by general voice/hand vote. The board also approved consent agenda items earlier in the meeting including items listed as 7(a) through 7(h3).
