Regular session, July 19
KEY ACTION The board of education approved the treasurer's agenda, which projected a much improved financial status for the district.
KEY DISCUSSION The board discussed the good news of the district's financial rally, which Superintendent Jeffrey Layton attributed to a number of factors, ranging from reducing expenditures to receiving federal stimulus money.
Layton cited a "significant" carryover balance of $4.6 million. Included in the calculations are "raises over the next three years tentatively agreed to. The (fiscal) picture looks pretty good right now."
Quarterly financial meetings with a diverse membership are targeted at developing a long-term plan to sustain financial stability once the stimulus money runs out, Layton said.