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Valley Mills ISD to make $329,591.75 payoff on football/track maintenance note
Summary
The board approved using fund balance to make an additional payoff payment of $329,591.75 on the football/track maintenance tax note; the motion passed unanimously.
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The board approved an additional payoff payment of $329,591.75 on the district's football/track maintenance tax note, to be paid from fund balance. Trustee Kristy Hollingsworth moved the payment, and Trustee Jake Wolf seconded; the motion passed with a recorded vote of 6–0.
Chris Dowdy presented the financing item to the trustees. The board's action reduces outstanding maintenance debt on athletics facilities; no alternate funding source was specified during the discussion.
