Six community members and experts keep an eye on our 2016 school bond projects and finances. We provide quarterly reports to the Oversight Committee and the school board. Get the status on every bond project and other capital projects in this report summary. We're on target with the 2016 school bond.
The 2016 bond provides $19 million to cover critical needs, such as roof replacements, and emergency repairs, like plumbing and boiler failures in our older buildings.
The bond replenished the capital fund. Otherwise our capital fund would have been depleted in 2017-18 because a bond had not been passed for 10 years.
Without a capital fund, critical needs and emergency repairs must be financed out of our general fund, which pays for everything it takes to educate students, including teachers' salaries, textbooks and educational technology. Our general fund also pays for all costs of operating schools, such as utilities and regular maintenance of our facilities.
See update on critical needs projects.