Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Business manager details revenues, contingency and capital funds; boiler problems flagged
Summary
The business manager reviewed general fund revenues and expenditures and confirmed a $1,000,000 contingency; later the superintendent recommended replacing an aging boiler system with mini-splits, estimating about $269,000 in summer work and citing multiple system failures.
The business manager walked the committee through the district's revenue and expenditure picture, noting line-item amounts for the general fund including taxes ($2,924,000), state school fund ($14,450,200), county school fund ($223,500), child care revenue ($270,000), and an estimated $215,000 in interest from the Local Government Investment Pool. "Our beginning fund balance is 1,700,000," the business manager stated, and later confirmed the district maintains a $1,000,000 contingency fund invested in the local government investment pool.
Facilities concerns followed: multiple speakers described repeated boiler failures and a patchwork approach over previous winters. The superintendent told the board that contractors found the return tank near failure, leaking pipes and outdated controls and proposed decommissioning the boiler and installing roughly 26 mini-splits across Cape Hill Junior Senior High for an estimated $269,000, with bids already in hand.
