Superintendent Jeffrey Layton said the gym floor had major water damage and the district filed an insurance claim, which will pay\u00a0for most of the cost
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.