Budget Information

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May 1, 2018

What is the Repair Reserve, and what exactly am I voting on?

The Repair Reserve is an existing “savings account” that is not part of the general budget and will not affect your taxes. Its purpose is to hold funds to be used for various repairs to District infrastructure and equipment. Examples include building repairs (such as broken heaters) and equipment replacement (such as lawnmowers). Also, the District must be prepared for routine maintenance and any unexpected or emergency repairs needed at the new Bluehawk Sports Complex. While the District does not anticipate needed repairs at the new complex any time soon, the Repair Reserve allows the District to prepare for these future expenses without reducing funding for programs or asking taxpayers for additional funds.

Money for the Repair Reserve is already set aside in a Fund Balance account, however voter approval is required to transfer funds from the Fund Balance to the Repair Reserve. Again, the reserve is not part of the 2018-19 budget. Additionally, a public hearing must be held before the District can use money from the Repair Reserve for non-emergency expenses. Therefore, residents will be voting to grant permission for the District to transfer funds from an existing fund balance to the Repair Reserve.

The 2018-19 budget vote is scheduled for Tuesday, May 15, 2018 from 12 noon to 9 p.m.

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