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Board hears bond update; review of fund balance and Truist payoff tabled

Lone Oak ISD Board · October 21, 2024
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Summary

Kyle Reed presented a bond update to the board. Separate agenda items to review fund balance, outstanding land debt and to consider payoff of the Truist Maintenance Tax Time Warrant (Series 2017) were tabled for future consideration.

Kyle Reed presented an update on the district's bond work and the meeting agenda noted a link to an update document for further details.

Two agenda items related to district finances were tabled: a review of fund balance and outstanding land debt, and consideration of a total payoff of the Truist Maintenance Tax Time Warrant, Series 2017. The minutes record the board tabled both items without taking a vote to approve payoff.

The bond update was informational; the board deferred decisions on several debt-related items to a later meeting.