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Board reviews capital plan, cash flows and postponed projects after stadium costs
Summary
Treasurer Lewis briefed the board on a rolling capital plan and a 20-year cash-flow model showing the district can proceed on some deferred projects after stadium-related reallocation; several projects remain encumbered or delayed and will be prioritized monthly.
The Northridge Local School District finance update on Sept. 17 focused on how recent stadium spending shifted the capital plan and which maintenance and improvement projects may be advanced now that cash flows have improved.
Treasurer Mister Lewis reviewed the district's capital-priority list, explained that safety and security projects have moved up as a priority, and described items previously pushed into 2028 when the stadium project was funded. He walked the board through encumbrances and line-item pots of money and explained that some purchases (furniture, maintenance vehicle replacement, scissor lift) remain planned but may be staged depending on bids and warranty considerations.
"Can we afford it? When's it gonna be paid? ... And the answer is yes," Lewis said, summarizing the cash-flow model that stretches 20 years but concentrates decisions on the next three. He noted one contingency (approximately $100,000) tied to middle-school plumbing that may slightly alter near-term numbers when final invoices are closed.
Board members discussed specific projects: middle-school plumbing and roofs, district-office upgrades (new sign, doors, kitchenette), and the status of donor recognition for the stadium. Lewis said the district will not make purchases that the board objects to and that recommendations will return for approval; administrators will monitor cash flows monthly and flag any changes.
The finance committee and facilities liaison summarized that work has begun on the district office/maintenance upgrades and that some contractor work is ongoing. The board will continue to track the capital plan, and committee meetings were set to review the schedule and costs ahead of any purchases.
