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Board may include delayed generator costs in bond issue as contingency tightens
Summary
Board members discussed moving the Thermox generator balance into a bond issue or shifting 2026–27 budget dollars; staff warned doing so would largely deplete contingency funds.
Committee members pressed staff on where the generator money currently sits in the budget and what options exist if the installation slips into the new fiscal year. Staff said the project was budgeted in 2025 but delays have pushed remaining invoices into the 2026–27 fund, and that drawing from that year's contingency would be tight.
Staff proposed increasing the upcoming bond issue to include the remaining generator costs if the board approves a bond; otherwise the district will need to reallocate funds within 2026–27. “I would say we would just increase the amount of the bond issue,” Staff member said, framing the preferred option. The board did not vote but flagged the matter for further budget discussion during bond planning.
