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Finance chair reports $3 million remaining in bond series; $100,000 library gift announced
Summary
The finance committee reported about $3 million remains in the outstanding bond balance (roughly $1.4 million allocated, $1.6 million unallocated), and an elementary library will be refreshed following a $100,000 donor gift coordinated with Benzy Shores Library.
Brian, reporting for the finance committee, briefed the board on the status of outstanding bond funds and potential projects. He said updated numbers show roughly $3 million remaining from the bond series, with about $1.4 million already allocated to active projects and approximately $1.6 million that remains unallocated but is expected to be used for items described in the approved ballot language (for example lighting and flooring). Brian warned that construction and rehab costs have risen and that the remaining funds are unlikely to cover major new projects; the long-range planning committee will match community priorities to future funding opportunities.
Separately, the elementary school reported a philanthropic gift coordinated with Benzy Shores Library: a $100,000 donation to reset the elementary library collection, install flexible two-sided shelving and improve the space. The elementary presenter said the project will be staged over the summer with an open house once complete.
Board members discussed prioritizing smaller projects that fit available bond funds (interior refreshes, storage solutions) and leaving larger initiatives for future bond cycles. The committee emphasized transparency about which projects are already allocated versus which remain to be planned and bid.
