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School board approves 10-year facility plan, flags $1.2 million turf replacement
Summary
The Janesville-Waldorf-Pemberton School Board approved a 10-year long-term facility maintenance plan that keeps the district solvent through most years but projects a roughly $467,000 shortfall in the year the district plans a turf replacement estimated at about $1.2 million.
The Janesville-Waldorf-Pemberton School Board voted unanimously to adopt a 10-year Long-Term Facility Maintenance (LTFM) plan that lays out expected levy revenue, expenditures and future capital needs. Treasurer Wendy walked the board through a workbook showing adjusted pupil units used to project levy revenue and a timeline for major replacements.
"1,200,000 is turf replacement," Treasurer Wendy said when identifying a major capital need in fiscal year 36. The plan projects a positive fund balance through most years but anticipates a roughly $467,000 shortfall in the year of that turf replacement; the district said it would use assigned funds, consider bonding or other contingency plans to cover the gap. Treasurer Wendy also noted one of the district's bonds will be paid off in fiscal 35, which will free additional capacity for building-related spending.
Board members asked detailed questions about the worksheet, including how expenditures were categorized and how assumptions about enrollment and adjusted pupil units affect levy projections. Treasurer Wendy explained category 1 expenditures (health and safety inspections such as air quality and sprinkler systems) total about $30,000 annually and stressed that out-year figures are estimates rather than guarantees.
The plan passed on a 5-0 roll call after a motion by Kevin Bourne and a second by Monica Erickson. The board said it will continue to monitor projections and consider options such as bonding or reserves as the turf replacement approaches.
