Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Education Finance topic
No spam. Unsubscribe anytime.
Cheatham County authorizes up to $3.78 million note for school HVAC replacement; approves related school funding
Summary
On Oct. 20 commissioners authorized an interfund capital outlay note up to $3,779,982 for a county school HVAC replacement project and approved related school fund amendments including employee bonuses; commissioners also authorized a separate $350,000 note for a school maintenance/tech building.
The Cheatham County Legislative Body on Oct. 20 authorized an interfund capital outlay note of up to $3,779,982 to fund a School HVAC Replacement project and approved additional school‑fund budget amendments, including employee bonuses.
The motion to authorize the HVAC replacement note was made by Commissioner Diana Pike Lovell, seconded by Commissioner David Anderson, and approved by roll‑call vote 12–0 as recorded in Resolution 12. The minutes and resolution language authorize issuance of notes under Tennessee law and specify that proceeds will be an interfund loan from the Education Debt Service Fund to the Education Capital Projects Fund; the minutes list the funding source as note proceeds/education debt service.
Commissioners also approved several General Purpose School Fund amendments earlier in the meeting: a $921,000 allocation for employee bonuses (cafeteria and other staff), a $349,000 transfer for athletics and fine arts teacher bonuses, and a $37,000 transfer from the Extended School Program Fund for bonus payments (Resolution 9, 10, 11). Vote tallies for the school funding motions are recorded in the minutes and include some abstentions on specific items as noted in the roll‑call records.
Additionally, the body authorized a separate interfund capital outlay note of not more than $350,000 for a School Maintenance/Tech Building (Resolution 13). That motion passed by roll‑call vote 10–2 (No: Walter Weakley and Randy Noe). The minutes indicate the maintenance/tech note will likewise be issued as an interfund loan and that budget amendments tied to the notes were approved for the Education Capital Projects fund.
The recorded actions place the HVAC replacement and the maintenance/tech building funding into the county’s capital plan subject to required state approvals and the note sale process spelled out in the adopted resolutions. The minutes show related Board of Education votes occurred earlier in October and the minutes attach full resolution language spelling out debt terms and procedural requirements under Tennessee Code.
