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District outlines capital projects and bus replacement plans tied to 2023 bond
Summary
The presenter said the capital projects fund begins around $45.8 million (largely from the 2023 bond) with expected capital expenditures of roughly $34.6 million; the transportation vehicle fund is budgeting to purchase up to 10 buses next year using depreciation/vehicle fund receipts.
In the budget preview, district staff outlined major capital and transportation assumptions tied to the 2023 bond and the transportation vehicle fund. The capital projects fund begins the year with about $45.8 million—most of it from the 2023 bond—with projected revenues of roughly $202.5 million and capital expenditures near $34.6 million for the coming year; staff said remaining capital funds are being held as seed money for future bond planning or land purchases.
On transportation, the presenter explained how depreciation payments and the transportation vehicle fund are used to replace buses. The transportation fund is projected to collect about $1.35 million next school year (depreciation payments plus interest), and the budget includes room to replace as many as 10 buses and some additional units, including special-education lift-equipped vehicles. The presenter said these are timing- and procurement-dependent matters and noted buses can roll into subsequent fiscal years if delivery lags.
Board members asked clarifying questions about numbers and asked staff to add a clear fund-balance percentage on a future chart for ease of reference. Staff agreed to circulate the slides and to include the fund-balance detail in the closing presentation.
