The figure is now reflected in the 2020-2021 general fund beginning fund balance, at about $20.08 million.
“This slide presentation error was caught internally, corrected, and presented to the Board on February 22, 2021,” Re-2 Director of Communications Theresa Hamilton stated in a Wednesday email on behalf of chief financial officer David Trautenberg.
“Nothing was lost or misplaced,” she also told the Citizen Telegram. “The presentation reflected one number, their team recognized the error and came back in February and presented the accurate numbers.”
This ending fund balance includes the district’s $1.6 million required TABOR reserve and the board-mandated $8 million reserve, Hamilton further stated in the email.
Cactus Valley Elementary School in Silt. Ray K. Erku / Citizen Telegram
Funding and schedule issues related to an upcoming construction project primarily centered on fixing first-floor infrastructure at Cactus Valley Elementary School have left Re-2 officials wondering what their best course of action will be moving forward.
The Re-2 school board on Monday learned the district is eligible to receive up to a $2.1 million BEST grant from the Colorado Department of Education to help defray costs for the estimated $5.65 million project, which is set to fix a number of issues caused by slab settlement. Cactus Valley Elementary School, located in Silt, was fully constructed in 2007 for $16.5 million.