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Oak Grove board approves plan to set aside Glider Elementary sale proceeds for one-time incentives, textbooks, technology and capital
Summary
The board voted Dec. 12 to adopt a plan for one‑time proceeds from the pending sale of Glider Elementary, allocating funds for staff incentives, textbook adoptions, technology and capital improvements; the district will submit the plan to the State Allocation Board for approval.
The Oak Grove School District board on Dec. 12 adopted a plan for the expenditure of one‑time funds from the planned sale of Glider Elementary and authorized staff to prepare a state application for approval.
Associate Superintendent Evans summarized the multi‑year history leading to the sale and the required state process. The district entered a sales agreement for Glider with a private buyer (sales agreement cited in board exhibits) and now must present a plan to use proceeds that otherwise would be restricted to capital outlay. Under Ed. Code provisions the district can seek authorization to use a portion of those proceeds for one‑time general‑fund purposes.
Evans presented the proposed allocations: a one‑time incentives pool and off‑schedule salary amounts (to reduce general‑fund pressure); textbook adoptions (the district previously funded a math adoption using Minor Elementary proceeds at roughly $2.6 million); technology hardware ($2.5 million) and supporting infrastructure (servers, firewalls and switches, $2.5 million); approximately $10 million for capital expenditures; a $5 million special reserve for capital expenditures; and $1 million for safety and security investments. Evans said the district consulted the Office of Public School Construction before presenting the plan to minimize state review delays.
Board members moved and adopted the resolution (numbered in the record as Resolution 1492). Upon the board's approval staff will prepare the application to the State Allocation Board, which must authorize the district to set the proceeds aside for these specified purposes.
What the plan means: If the State Allocation Board approves the application, the district will be able to use one‑time sale proceeds for targeted non‑recurring general‑fund relief (incentives, one‑time salary items) and identified capital and technology projects rather than being limited strictly to immediate capital outlay. The board did not change underlying budgets at the meeting; state approval is required before funds are reallocated.
