Board reviews capital plan, flags SAVE-bond revenue risk tied to $19.8M package

The board reviewed a five- to ten-year capital-plan spreadsheet that ties facility upgrades, roofing, HVAC, playgrounds, and technology refreshes to a recently authorized bond package and prospective SAVE bonds. Superintendent and finance staff walked directors through projected receipts and expenditures in the Pebble and SAVE accounts and noted a recommended cushion of roughly $500,000 in each fund.

Why it matters: The district is planning multiple expensive projects, and a recent change in SAVE revenue projections and the timing of bond repayments could reduce available funds for some items or force prioritization. The superintendent warned that issuing SAVE bonds now would trigger annual payments beginning in FY28 (roughly $470–480,000), which could coincide with vehicle, roof and technology replacement cycles.

What was said and decided: Administrators proposed holding some projects (for example, portions of the Gilman scope) later if necessary to avoid partial builds. The board discussed options including delaying noncritical work, increasing public transparency, and possibly returning to voters for additional local levies only after exhausting internal options. Directors agreed to a special work session to review updated cost opinions from Estus and Piper Sandler before finalizing the construction list. The board also approved bond-related resolutions (see actions below) to proceed with issuance steps.

Ending: Staff will provide a concise public update and a timeline for the special meeting; the board signaled willingness to alter scope based on updated cost opinions and continuing budget analysis.