July 8, 2008
The School Board of District 261 met in special session on July 8, 2008 in the Media Center of the School. Chairman J. Rylander called the meeting to order at 8:01 PM with members Graham, LaRue, Nelson, Risbrudt, D. Rylander, J. Rylander, and Wing present. Also present Allan Jensen.
Mr. Nelson moved to approve the amended agenda, seconded by Mrs. Graham MCU.
(1) Excess Cost Levy Considerations
(a) S.O.D. = Net negative undesignated fund balance.
Factors to help avoid S.O.D.
(1) Final numbers could come out better than budgeted.
(2) Be more aggressive in budget trimming.
(3)Legislature install equalization of formula – maybe get back to ½ would yield about $300,000 and would equate to more operating revenue – public is asked for less money.
(4)Get a local legislative relief with a bill allowing a portion of operating capital to unreserved general fund.
(b) Plan a November 2009 Excess Cost Levy
(2) Ashby A’s use of baseball facilities.
(a) A’s can lease facilities - $100.00 is suggested.
(b) Legion has been asked to do beer sales which they seemed okay with.
(c) A’s to provide their own liability insurance.
The meeting adjourned at 9:40 pm.