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Platteville board says hail storm will accelerate roof and HVAC work; district expects net cost of about $1 million after insurance
Summary
Board leaders reported substantial hail damage to roofs and rooftop HVAC units, outlined a funding plan combining insurance, remaining capital referendum dollars and fund balance, and said the district can absorb the one-time costs without long-term financial distress.
The Platteville School District board heard an update on storm damage and repair funding Tuesday, with administrators saying recent hailstorms damaged roofs and rooftop HVAC units and accelerated planned capital work.
Administrators told the board the district pproved maintenance budget was a little over $1 million and that roughly $600,000 of that has already been spent this year. They said the district expects about $400,444 in fund balance at the end of the fiscal year and has roughly $400,000 left from its capital-improvement referendum; insurance proceeds will cover much of the rest. "This is one-time event. Through insurance, through the money that we have, we're able to get through this cost and not be in any financial concern," said the Administrator.
Why it matters: the damage has accelerated projects the district planned to replace anyway, including older roofs and several rooftop HVAC units. Board members pressed staff on insurance deductibles and repair strategy after administrators explained that several deductibles are set as 1% of a building's value, which makes claims on large facilities more expensive. The board discussed whether to claim certain items or repair them with district crews when economically appropriate.
Details: administrators said total storm-related damages are currently estimated at roughly $2 million before insurance; after insurance the district—stimates a net cost of about $1 million. They identified roofs and rooftop HVAC units as the primary damaged items and noted some HVAC fins may require full-unit replacement rather than part repairs.
Next steps: staff said they will pursue insurance claims where beneficial, schedule roof replacements that were already planned, and use a mix of remaining capital referendum funds, maintenance budget dollars and the fund balance to cover net costs. Board members will continue to ask for detailed repair plans and cost comparisons where replacement versus selective repair is being considered.
