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Monroe Public Schools projects modest increases for 2020 bond debt fund and outlines sinking fund projections
Summary
Superintendent Shaw told the board the 2020 bond-debt fund would rise slightly, with a projected ending balance increase of about $117,000, and outlined sinking fund revenues and expenses that would result in a modest reduction in that fund for 2025–26.
During the June 24 budget hearing Superintendent Shaw presented figures for bond-related funds, saying the 2020 bond-debt fund had a beginning balance of $2,100,000, expected revenues near $3,600,000, and expenses of about $3,400,000, producing a projected ending balance of roughly $2,200,000 — "So this fund balance will increase about $117,000."
Shaw also reported sinking fund projections, stating it would begin at about $3,800,000 with revenues of $2,500,000 and expenses of $3,100,000 for the coming year, leaving the sinking fund near $3.2 million. Shaw outlined bond fund interest and expenses separately, projecting bond interest of about $250,000 and year-end balances for bond-related accounts; no board questions or public comments are recorded on these items in the hearing.
