Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Committee reviews treasurer's report, asks whether capital funds can cover boiler and generator costs
Loading...
Summary
The Siren School District Committee of the Whole heard a monthly treasurer's report with account balances and asked whether outstanding boiler and generator costs could be paid from capital improvement or referendum funds; the board asked staff to clarify funding sources and timing.
The Siren School District Committee of the Whole reviewed the treasurer's monthly financial report and asked staff whether outstanding building repairs could be charged to capital improvement funds. The Chair called the meeting to order and the Treasurer presented month-end figures, including scholarship and referendum balances.
The Treasurer reported, "At the March, we have $1,000,001.77" and listed other line items including a scholarship balance of about "$7,001.28" and a referendum balance given as "606,077." A board member asked directly why remaining boiler and generator costs were not paid from capital improvement funds; the Treasurer and other members explained the district was waiting on final invoices and timing from contractors and on the capital process.
Board members pressed staff to clarify whether the generator could be paid from the capital improvement account and requested a clearer schedule for remaining payments to the boiler and generator vendors. The question prompted a short discussion about fund availability and whether payments should wait until the capital referendum cycle or be drawn from existing capital balances.
The committee did not adopt a formal funding decision during the meeting; members asked staff to return with specific recommendations and documentation on which budget lines and timelines would cover the remaining equipment costs.
