School board to discuss repairs
The Austin Public School board will be set for next year’s repairs come Monday.
Board members will discuss the 2013 school year’s Capital Budget, which deals with infrastructure costs. The district spent about $1.5 million in capital building costs, from building improvements to technology costs and leases. The district is expected to spend about $1.43 million this upcoming year, resulting in an $897 surplus. The projected capital fund balance will be about $28,000 after next year.
In addition, the board will authorize the sale of anticipation certificates to a vendor of their choice. Board members approved $7 million in anticipation certificates last month to help cover cash flow issues stemming from the state Legislature’s decision to shift payment on state aid funding.
“We’re selling them on Monday, so the board will have to approve the sale,” said Mark Stotts, finance and operations director.
The board will also look at approving the district integration budget, creating a new student activity account for the Youth Energy Summit program and receiving a report from Austin High School administration about AHS’s site plan.
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