NLS school board approves 2010 levy, finishes OPEB action
WILLMAR -- The New London-Spicer School Board approved the maximum possible levy --$3,893,613.87 -- for 2010-11 school year at the regular board meeting Monday.
The levy includes a general fund increase of $395,957, from $1,420,551 in 2009 to $1,816.508. The bulk of the increase comes from a $200 per pupil levy referendum passed by district voters last fall, according to district business manager Barb Gjerde.
The approval increased the per-pupil amount from $397 to $597, which raised the total referendum revenue from $659,286 in 2009 to $970,513 in 2010.
The school board also approved the sale of $2.22 million in general obligation bonds to fund the district's other post-employment benefit obligations. Also approved was the trust agreement with U.S. Bank to hold the funds and the investment advisory agreement with Public Financial Management, which will serve as the district's investment advisor.
The board also:
- Approved the sale of the 2009 agriculture structures class house to Alan and Michelle Koch of Litchfield for $63,000. The district was seeking $74,500 for the house, Superintendent Paul Carlson said. The sale means the district will take a loss this year, but that loss will be covered by gains made in previous years. Carlson did note that the budget for the 2010 house will be $62,000.
- Heard a report from Carlson regarding required reporting to the Minnesota Department of Health, as part of the state's measures regarding the spread of the H1N1 flu virus. Schools that have 5 percent of students with flu symptoms are required to report that information to the MDH. The district has not reached the threshold to meet the requirement, he said, adding that there have been about 3 percent of students experiencing flu-like symptoms.
The district continues to work with public health officials to determine if there will be student vaccinations at school, he added, assuring board members that they will be kept informed as the flu season develops.