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Joint Board of Supervisors and School Board Meeting

Joint Board of Supervisors and School Board Meeting. July 1, 2009. Today’s Discussion: Resource Management Reviews. Local Government Annually revise the “60/40 split” Include debt service in transfer to the Schools Revise current School fund balance practice School Division.

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Joint Board of Supervisors and School Board Meeting

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  1. Joint Board of Supervisorsand School Board Meeting July 1, 2009

  2. Today’s Discussion: Resource Management Reviews • Local Government • Annually revise the “60/40 split” • Include debt service in transfer to the Schools • Revise current School fund balance practice • School Division

  3. Surveyed Localities’ Transfer Considerations

  4. Surveyed Localities’ Debt/Capital Transfer Considerations

  5. Direction Should debt service costs associated with School capital improvements be included in the transfer to the School Division?

  6. Questions for Consideration Should school capital improvements be funded according to a set formula or funded based on an evaluation of needs? What are the implications of an allocation that includes capital and operational needs on the following practices: • Upgraded school facilities for community use? • Operation of school facilities for community use? • Maintenance standards for existing facilities? • Maintaining commonality as it relates to joint compensation goals?

  7. Include debt service in transfer to School Division… • Next Steps: Staff will analyze the percentage of additional funding that should be provided beyond the existing “60/40 split.” Continue with current practice of jointly considering capital needs of schools and local government … Next Steps: Staff will prepare information for a future joint work session to consider changes to the role of the CIP Oversight Committee.

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