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Board advances multiple finance items: bond refunding first reading, encumbrance reserve and vocational agreement approved
Summary
The board approved several finance and contract items on the agenda, including a reserve-for-encumbrance resolution, an Ocean County vocational and performing-arts agreement, and placed a refunding bond ordinance (2017 energy-savings bonds) on first reading with compliments to the business office for cost savings.
On routine financial business the board approved a reserve-for-encumbrance resolution and ratified an agreement with Ocean County vocational and performing-arts program. Motions and roll-call votes recorded affirmative results for both items.
Board members also moved the first reading of a refunding bond ordinance "providing for the refunding of all or a portion of its outstanding school energy savings obligation refunding bonds dated 12/20/2017." One member complimented the business office for identifying savings opportunities. The refunding ordinance was advanced on first reading; final adoption would follow subsequent readings and statutory notice requirements.
