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Board hears finance update: one-year debt‑service spike, proposed ICS retainer, roof restoration contract
Summary
Business manager reported a large accounts-payable total driven by Nov. 1 debt‑service payments for recent bond issues (a planned, one‑year spike covered by committed fund balance), proposed adding an ICS retainer for facility-assessment engineering services on top of a prior $9,500 study, and presented a state-contract roof restoration for middle-school roofing with 20‑year warranties.
The district’s business manager reviewed the accounts-payable checklist dated Oct. 28 and flagged a large total attributed to scheduled Nov. 1 debt‑service payments on recent bond issues. He described the amount as a one‑year spike tied to a phase‑in structure of the bond issue and said it is covered by committed fund balance; regular…
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