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April 19, 2012

School Board Considering Refinancing Debt from Campus Renovations

The Scotland County R-I Board of Education met in regular session on Thursday, April 12, 2012, at 6:30 p.m. President Gary Miller called the meeting to order. At the outset of the meeting, the board voted 6-0 to certify the April 3rd election results as follows: Randy Tobler - 291 votes, Gary Miller - 292 votes and Michelle Kleine - 223 votes. The board elected new officers as follows: President - George Koontz, Vice President - Trinity Davis, Secretary- Matt McKee, and Treasurer - Sam Berkowitz. Mr. Clapp was absent for the vote. The board then turned its attention to consideration of a proposal to refinance the district's debt load from the 2007 campus renovations. The board voted 7-0 to pass a resolution to allow the Board President, Board Secretary, Superintendent and the President of L.J. Hart Company to seek refinancing of the 2007A certificates in the amount of $1,000,000 at an interest rate of no more than 2.75% per annum. The resolution in its entirety may be viewed in the Central Office during regular business hours. The refinancing will save the district approximately $94,000 over the term of the payoff. The certificates were taken out originally in April, 2007, to finance the heating, cooling and lighting projects in both buildings. The final refinancing will require approval by the board. In other business, Superintendent Dave Shalley presented the monthly financial update. "We have received 92% of our budgeted revenues year to date and have expended 71% of the budgeted expenses," Shalley told the board. The superintendent noted that at this point in the fiscal year, 75% is the target for expenditures. "June is the month in the fiscal year with the most expenditures," Shalley said. "Revenues will slow dramatically the rest of the year as local revenues are in."

Insurance

The board voted 7-0 to approve the final insurance rates for the 12-13 fiscal year. The rates represent a three percent decrease from the previous year.

Lawn Mower

The district will be advertising for bids to replace the lawn mower used on the campus. Bids will be due by the May meeting date.

Salary Committee

President George Koontz appointed Trinity Davis, Sam Berkowitz and Dr. Tobler to the district salary committee. The committee will meet with district representatives to establish a salary recommendation for faculty and staff to be considered by the board.

Sale of Bus

The board voted 7-0 to advertise to sell a 1998 Chevy 53-passenger school bus, which has been taken out of service. The bus may be seen by contacting Carl Trueblood at the bus barn. Bids will be due at 1:00 p.m. on May 9th and opened at the board meeting that night.

Resignations

The board voted 7-0 to accept, with regret, letters of resignation from Dustin Harper (7-12 art), Jen Beeler (early childhood) and Patty Eggleston (school nurse). The board wishes them well in their future endeavors.

Overnight Requests

FFA presented two overnight trip requests for board consideration. April 19th the students will attend the state convention in Columbia and on April 27th students travel to Linn Creek and compete in the state trap shoot.

Executive Session

The board entered into executive session and approved the minutes from the March 13th meeting. No other official action was taken.

Meeting Change

Due to a conflict with the 6th grade promotion ceremony, the May board meeting was moved to May 9th at 5:00 p.m. (7-0)

Consent Agenda

MSBA Membership and Community Education were pulled from the Consent Agenda. The board voted 7-0 to approve the following items on the Consent Agenda: Minutes of March 13th meeting; Updated Sub List; Procedural Evaluations for Special Education - provided by Mrs. Tallman. The MSBA membership for 2012-13 year was approved by a 7-0 vote. The Community Education Procedural Evaluation, provided by Mrs. Rhonda McBee and Mr. Ryan Bergeson, was accepted by a unanimous vote.

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