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District building plan: capital fund buildup and $30 million certificates for new schools
Summary
Officials said the Capital Outlay Fund is being built toward Phase 2 construction in 2028–29 and that the district issued $30 million in certificates to build a new elementary school and a middle‑school addition.
Paul Lundberg told the board the district’s Capital Outlay Fund will have revenue of about $10.83 million and a planned surplus of roughly $1 million as the district saves for future construction. He said the district is building balances now so it will have funds available for Phase 2 of construction around 2028–29.
Lundberg also said the district issued $30,000,000 in certificates to finance construction of a new elementary school and a middle‑school addition. He listed capital outlay spending priorities for the coming year: about $2 million for facility improvements, $2 million for computer replacements and $2,775,000 for debt service.
