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Bond proceeds, capital funds and an easement sale leave district positioned for technology and repairs
Summary
CFO Gary said remaining bond funds are reserved for technology, turf, curriculum and maintenance, cited a nearly $3,000,000 pandemic grant that replaced devices, and noted the district sold an easement to Clean Water Services that generated revenue for capital work.
The budget update included a review of the capital projects fund, where remaining bond proceeds and restricted revenue support technology, facilities and curriculum investments.
The CFO said a pandemic-era grant of nearly $3,000,000 allowed the district to replace every device and staff laptop and that those funds will be rolled forward for a future replacement cycle. He also reviewed historical bond levy messaging to voters and said current bond-related rates are "about 87¢ per thousand better than what we told the voters we would do," translating into homeowner savings versus ballot projections.
On capital revenue, the CFO said the district negotiated an easement sale on the Middleton property to Clean Water Services to support a sewer/storm line; proceeds and investment interest on those funds contribute to the capital projects balance. Officials said these resources leave the capital fund in a relatively healthy position for planned technology and maintenance spending.
