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La Salle-Peru 120 board approves amended FY2026 budget and a package of bonds, transfers and construction change orders
Summary
The La Salle-Peru Township High School District 120 Board approved an amended fiscal 2026 budget, authorized a bond resolution up to $23,635,000, approved fund abatements/transfers, three agronomy/egg-building change orders, extended a forensic audit contract and accepted a $500,000 sponsorship naming pledge from Eureka Savings Bank.
At its regular meeting, the La Salle-Peru Township High School District 120 Board of Education approved an amended fiscal 2026 district budget and a series of related financial actions, including a resolution to issue general obligation school funding bonds and multiple transfers and construction change orders.
The board approved a resolution authorizing up to $23,635,000 in general obligation school funding bonds (Series 2026A) and approved an abatement transferring $4,410,000 from the working cash fund to the capital projects fund and an additional $100,000 transfer from the working cash fund to the education fund. The transcript shows each motion received an affirmative roll-call vote recorded as "yes." The finance committee presenter recommended beginning the bond-refinance process and the amended budget.
The board also approved three change orders for the agronomy/egg building project: change order 21 (overdig at the greenhouse) for $6,295; change order 22 (tornado duct routing) for $47,246; and change order 23 (add ED fittings for storm line and drains) with the transcript listing the amount as "3,78" (amount unclear in the record). A committee report noted the East Gym pool repair bids were opened but the project awaits state approval.
The board approved an extension of CliftonLarsonAllen's forensic-audit contract to continue work for an amount "not to exceed $25,000," and approved resolution 2026-10 to decline all bids received for the East Gym pool renovations. The finance committee presenter also announced an $500,000 donation from Eureka Savings Bank toward naming rights for the agronomy/egg building; the sponsorship agreement was on the agenda and approved by vote.
Votes at a glance: the meeting transcript records votes approving the amended FY2026 budget, the bond resolution up to $23,635,000, the $4,410,000 and $100,000 abatements/transfers, the change orders listed above, the CLA contract extension not to exceed $25,000, resolution 2026-10 declining pool bids, and the Eureka Savings Bank sponsorship agreement; each motion carried on recorded roll-call "yes" votes.
Why it matters: The bond authorization and fund transfers affect district capital funding and debt service planning; change orders and the declined pool-bid action affect the timing and cost of facilities work. The $500,000 donation represents a significant private contribution earmarked for naming rights to the agronomy/egg building.
Clarifying details from the transcript: the bond amount is listed as $23,635,000; working-cash abatements of $4,410,000 and $100,000 were recorded; the donation amount from Eureka Savings Bank was stated as $500,000; and CLA’s extension limit was stated as not to exceed $25,000. One change-order line-item amount (change order 23) is unclear in the transcript as presented (listed as "3,78").
Next steps and implementation: the transcript does not record detailed implementation timelines (for example, exact bond sale dates, refinance structure, or contract start/end dates). The board moved into closed session to discuss lawfully closed minutes, collective bargaining, salary deliberations and potential property negotiations.
Attribution and sources: items and dollar figures are taken directly from the meeting transcript and the finance committee report presented at the meeting.
