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Superintendent updates board on sinking fund projects, capital projects fund balance $4.88M

NICE Community School District Board of Education · August 18, 2025
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Summary

Superintendent Bryan DeAugustine reported progress on Sinking Fund projects and the 2025 Capital Projects Fund balance of $4,878,531.00; the board had no sinking-fund committee activity to report.

Superintendent Bryan DeAugustine briefed the board on progress with projects funded by the district sinking fund and on the status of capital funds. The minutes list a 2025 Capital Projects Fund balance of $4,878,531.00 as of July 31, 2025 and a Sinking Fund balance of $441,185.90; Debt Retirement Fund balances of $250.00 (2023) and $250.00 (2025) were also recorded.

No sinking-fund committee activity was reported during committee reports. The minutes do not provide a project-by-project breakdown but note that the board was updated on sinking fund project progress.