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Board accepts debt-management filing and sets $220,000 CIP ceiling for FY25
Summary
The board accepted the annual debt-management statement (no debt to report) and reviewed the FY25 capital improvement plan, which sets a $220,000 ceiling for unspecified clinic/hospital capital outlays to be carried over year-to-year.
Staff reported that the district has no outstanding debt and that the annual debt-management filing was submitted and accepted. The board discussed the capital improvement plan (CIP) for fiscal year 2024–25 and noted a $220,000 ceiling amount set aside for clinic renovation or hospital construction; staff described the entry as a placeholder without specific projects assigned.
A board member moved to accept the indebtedness report as written; the motion carried 3-0. The board noted that CIP funds are rolled over year to year and are noninterest-bearing until specific capital outlays are authorized.
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