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School board proceeds with bond plan
by Chuck Friedbauer
Mar 02, 2012 | 1444 views | 0 0 comments | 2 2 recommendations | email to a friend | print

The District 112 School Board has approved documentation, required by the state, to go ahead with large maintenance projects.

District officials will submit the documentation to the Minnesota Department of Education. Once approved, the district will sell $10 million in bonds to pay for the first three years of its 10-year “Alternative Facility Project” plan.

The money would cover maintenance projects on all current district facilities over the 2013-15 fiscal years, including nearly $1.5 million to replace sections of the roof at Bluff Creek Elementary,ChaskaHigh Schooland Chaska Middle School East. It would also provide approximately $250,000 to renovate the District Education center HVAC system.

The board also authorized district officials to seek construction bids on four maintenance projects. Three of the projects involve original portions of theChaskaHigh Schoolsite, including tennis court reconstruction, track and field event area resurface and parking lot renovation. A fourth project would be to renovate theDistrictEducationCenterparking lot.

District officials plan to choose contractors by March or April and construction would proceed during the summer months.

ADJUSTMENTS

The board has also approved a set of budget adjustments for the 2012 fiscal year, all on the expense side.

The new expenses total approximately $264,000 and include a $176,000 increase to the Debt Service Fund and $62,641 for radio systems at all the district buildings. The board previously approved other 2012 fiscal year budget adjustments last fall, which increased the projected 2012 fund balance by nearly $400,000.

Increases in revenues, approximately $925,298, were from a $40 increase in the general education formula compared to the original budget and federal program entitlements and carryovers.

Expenditures also increased, but only by approximately $525,840. Reasons include similar federal program adjustments and individual site carryovers.

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