BURTON SCHOOL BOARD AUTHORIZES ISSUANCE OF BONDS
The Burton School Board officially authorized the issuance, sale and delivery of funds from the recently passed $43.8 million bond measure at its meeting Tuesday.
The bond funds will have a 2.73 percent interest rate, and will need to be repaid within 30 years. The bond is eligible to be refinanced in the fall of 2030.
Funds are anticipated to be deposited to the district on February 17th.
Also on Tuesday, the board approved a joint election contract with the City of Burton, along with an order for the May 7th school board election for the positions held by Demetrius Colvin, Sr. and Jeff Harmel.
Trustees also moved to appoint officials to oversee the election. Officials selected include election judge Gail Stanley, alternate election judge and clerk Sharon Chapman, clerk Bertha Upshaw, early voting clerk Tracie Ely and deputy early voting clerk Dana Moreno.
Elementary School Principal Melinda Fuchs and High School Principal Matthew Wamble gave an update on current COVID-19 cases in the district. Fuchs said there are seven staff members and five students out with COVID-19, while Wamble said there are seven to eight staff members and 18 students out with COVID-19 or some other sickness.
The board also received a 2020-21 audit report from Jared Longoria of Certified Public Accountants. Longoria said no material weaknesses or noncompliances were found in the district’s audit. He said the district’s $2.8 million in unassigned fund balance is a “healthy, reserve fund balance.”
Trustees closed out the meeting with an executive session for the annual superintendent evaluation of Dr. Kennedy. No action was taken.