During the Finance Board Advisory Committee meeting on Jan. 17, Chief Financial Officer Joel Scheible reviewed finance related agenda items for the upcoming Board of Education meeting. The district is looking ahead to determine revenue for the next fiscal year. This figure is based on increase in assessed valuation of property in the district, and Consumer Price Index information.
Scheible also shared a planned budget amendment this month, in the form of a one-time addition to revenue for the 2022-2023 fiscal year. This addition of $639,719 is a result of the state of Missouri fully funding student transportation for the first time in more than 20 years. The Board of Education will award a contract this month for demolition of the 300/400 building at Lindbergh High School, in addition to installation of underground conduits for service providers, resurfacing of the parking lot, and other related projects. These are bid packages 4 and 5 for LHS Prop R construction. In addition, the Board of Education will be presented with Prop R change orders for LHS construction.
Finally, Scheible shared the district's intent to use a Construction Management at Risk model to begin planning for a no-tax-rate-increase bond issue proposal in April 2024. This model allows an architect and contractor to provide input on major projects such as the renovation of Truman Middle School and the construction of gymnasiums at Crestwood, Long and Kennerly elementary schools.
The board would interview construction firms in the near future and select one to work with the district on this planning. The board will also consider a resolution to reimburse itself for capital expenditures related to the proposed no-tax-rate-increase bond issue in April 2024. The Finance Advisory Committee exists to ensure transparency, accountability and efficiency in District finances. Committee members discuss areas covered by the district’s fiscal management policies.