BOE Dedicates $5M Extra to Capital Projects

The money came from a number of sources, officials say

School officials will have an extra $5 million to put toward capital improvement projects following a decision made on Thursday night.

The Board of Education voted unanimously to allocate $5 million from surplus into a capital reserve account, which can be used to make improvements to school facilities. The money can also be coupled with state grants in order to significantly expand the total amount of work that can be purchased.

Business Administrator James Edwards said on Thursday that the district came into the unexpected money due to extra savings from a shared transportation services agreement with the township and from the district's switch from a private health insurance provider to the state's public health insurance service.

Edwards said a high number of district employees have spouses that also draw insurance from state accounts and therefore the district has saved at least $1.2 million since family members are no longer covered under the Brick employee's account. The district also saved a significant amount of money by switching prescription plan providers to Medco.

The money will totally be dedicated to capital improvements, Edwards said.

"Once it's put into the capital reserve account, it has to be used for capital improvements," he said.

Additionally, money in capital improvement accounts is immune from the potential for the state to order local school districts to turn over surplus funds, which happened last summer, Edwards said.

Board President Sharon Kight said the facilities and operations committees will begin researching which improvements should be made to school facilities immediately. Grants for which the district qualifies run out Jan. 1, 2012, so officials must determine where the money should be spent by the end of the year.

John Barton June 28, 2011 at 11:21 AM
Mr. Talty, Who was on the previous board?
joseph June 28, 2011 at 05:06 PM
Mr. Barton, I would suggest you review the teachers contract and I think you would see that coaches are part of the grievance procedure. I think Mr. Talty explained it clearly that The one coach was grieved by the previous board and present Administration and the new BOE rectified that mistake which resulted in a payment of $$, that's the way grievances are settled, if the grieved was wronged. I guess this BOE has some issues with the Superintendent in regards to the transfer of some of the school personnel. I remember the debacle of the transfers of administrators last year, so lets make sure the same doesn't happen again this year with the teachers. I would suggest you continue to attend all meetings and stand up for the public and even ask Mr. Talty for a more detailed explanation of what transpired with the coach who got paid for not coaching. I would be interested in what actually transpired with this case. I will look forward to you being at the next BOE and your enlightening questions and comments at the podium in July.
David Fischer June 29, 2011 at 04:16 PM
We need to concentrate on the future of our schools and one way is through improvements to the buildings. A group of concerned citizens, the facilities committee, has been working for months toward that end by analyzing various grants and proposals. I think everyone should attend the future BOE meetings so that they can stay informed.
Mrs. G. July 21, 2011 at 08:53 PM
Yes - but when I was in school, we did not have central air conditioning at home or in our cars. We did have window units at home - but they were only used in an extreme heat wave. I would not want my child to go to school today without air conditioning because they would not be able to function like we did.
joseph July 22, 2011 at 04:42 PM
Apparently that is why This new BOE decided to transfer the 5 million in surplus to capitol projects. If the BOE under Woska, Reinhold and Terrorbush had transferred that surplus a few years ago to Capitol Projects than the Governor would not have been able to steal this money. Bad choice to the old Board, Good Choice to the New board.


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