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Board debates sinking-fund priorities as pool project emerges as a bond-level need
Summary
Board members asked staff to clarify sinking-fund balances and prioritize competing projects after staff said a new competition-grade pool would require a bond (estimated at about $10 million) rather than being covered by sinking-fund resources; members requested a consolidated list and rankings of projects.
Superintendent Schulz told the board that a new competition-grade pool would be a bond-scale project and described a $10,000,000 bond as the rough order of magnitude for a replacement pool; he said that pool work is not something that would come from the sinking fund. “A new pool, that’s a $10,000,000 bond,” Schulz said when board members asked where pool funding would originate.
Several board members urged staff to provide a current sinking-fund accounting and a project-ranking list so limited sinking-fund dollars can be assigned to the district’s highest priorities. One member said the tennis-court proposal is not inappropriate but asked that the board see the sinking-fund picture and prioritize the projects in totality before choosing work to fund in the near term.
