Politics & Government
District Sees a Lot of Interest in Financial Advisory Committee
District also has opportunity to shift levy dollars around so as not to bond for facility improvements. Could save the district interest money.
The Lakeville Area Public School District has received 15 applications to fill five vacancies on the district’s financial advisory committee. Three of the candidates are currently serving and expressed interest in continuing as members if re-selected by the board.
The board is discussing how to proceed with a selection process and what criteria they should use to fill the vacancies. The financial advisory committee is made up of seven total members and offers input and advice as needed on district financial matters.
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The district was also presented with an option to shift levy numbers around to help finance some facilities. The one-time option would allow the district to levy for $1 million rather than finance through bonds for 2012. The move would not affect either the district’s 2012 budget or total tax levy as those figures have already been set and cannot be changed.
Mark Klett, the district’s director of business services, told the board the opportunity arose due to a decreased debt load that would only happen this year. He didn’t advocate proceeding one way or the other but did say that opting not to bond could save the district some interest payments down the road.
