Business Manager Neil Kusler recommends the district borrow $500,000 as a result of a delay in state funding and the expected June 2010 tax shift, according to the school agenda. In 1992-1993, the district borrowed $415,000 - the last time it borrowed any funds for cash flow purposes.
"In most districts, this is a yearly project," said Interim Superintendent Warren Schmidt. "You've been very frugal and did a good job with your balances."
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"It's just a difference of the source of where the money is coming from," he said. "As I said last month, it helps the state deficit."
Last year, the district received 90 percent of its state aid funds during the current year and the remaining 10 percent the following year. Now it's set to receive 17 percent less than usual - 73 percent this year and 27 percent the next, amounting to $975,000 delayed until the following fiscal year.
"According to the cash flow forecast, we will most likely be short on funds in May or June or 2010," states the agenda. "We do have reserves, so it is not necessary to borrow any more than $500,000...when we completed the application for the Aid Anticipation Borrowing we used a very negative forecast, knowing that the amount needing to be borrowed would probably be less than originally calculated."
At the beginning of the meeting, Schmidt said Kusler informed him the district will get the shift of about $300,000 this coming year.
"It appears by the language in the contract that we will not get the money," he said. "I think we had visions of this coming back to us and I don't think it's coming back."
As far as stimulus funds are concerned, the school received some but not as much as anticipated.
"They didn't keep it all, they just kept a good share of it," said Schmidt.
• The board approved the unrequested leave f Senior High Principal Dan Bettin. The resolution states his position was reduced to part-time status next year based on the discontinuance of position, lack of pupils and/or financial imitations.
• The board did not approve the Daily News as the official newspaper at this time. "I would like to schedule a meeting with the publisher to explore ways that we can cooperate and work together in a more positive manner and if that fails to look at other options," Schmidt stated in the agenda.
• The board approved the purchase of enVision Math K-6, a new program chosen by the curriculum committee, staff and administration. The cost of the program is $21,189.71, about $10,000 cheaper than planned.
• Nine SMART Boards were approved by the board to be purchased for the elementary and high school. Six boards will be purchased using funds saved from a new math curriculum and an overpayment in Special Education. The curriculum committee suggests three boards be purchased through community donations, such as the Education Foundation, private citizen donation and a fundraiser by the elementary staff.
• The board approved employing a Breckenridge police officer at the high school. The officer will be present 171 days for two hours per day, at a cost of $20 to $25 per hour. The program will be financed through the Safe Schools Act.
• The board approved changing its monthly meeting time to 6 p.m. instead of 7 p.m., as attendance is similar at both meetings and could be more beneficial to the public for planning purposes. The date and place will remain the same.

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