LCS public hearing surrounds stadium renovation expenditures
LE MARS Le Mars Community School Board of Education members set 7 p.m., May 29, as the time for a public hearing on a budget amendment for the 2017-18 fiscal year.
The proposed change will increase total expenditures for the year from $2,449,361 to $3,000,000.
The change is necessary due to the timing of capital expenditures and stadium renovation expenditures, according to LCS Superintendent Dr. Steven Webner.
He explained the amendment is more about moving funds to their proper place.
In another step in the stadium renovation project funding, the board approved the form of Tax Exemption Certificate and place on file.
The board also approved the authorization and providing for the terms of issuance and securing the payment of $5,025,000 school infrastructure sales, services and use tax revenue bonds, series 2018, of the Le Mars Community School District, State of Iowa, under the provisions of Chapters 423E and 423F of the Code of Iowa, and providing for a method of payment of said bonds.
Webner also requested the board amend the bank depository resolution and increase the depository amount to Primebank from $5.2 million to $10 million. He explained once the bonds for the stadium renovation project have been sold, the proceeds from that sale will be deposited into an account at Primebank.
The school board gave its approval to the list of student fees for the 2018-2019 school year at its Monday meeting.
Only two student fees were increased.
The driver education fee was raised by $25 to $350 per student.
Webner said the districts goal is to break even on the program offered. He said there are 150 students signed up for the summer program.
The student activity ticket fee was raised by $5 to $40.
In the hot lunch program, the adult lunch fee was raised by 10 cents to $3.65. That raise is required by federal guidelines, so the price of student lunches does not subsidize the adult lunch.
The complete list of student fees includes:
Grades PK-12 $35
M.S. bands (7 & 8) $15/year
H.S. bands $15/year
Orchestra (tuxedo cleaning) $15/year
Vocal Music (9-12) $15/year
Instrument rent $75/year
Percussion rent $50/year
Art (9-12) $10/class
City Bus Fees $50/semester or $30/quarter
Driver Education $350/Session
Hot Lunch Fees (Subject to change)
Lunch K-12 *$2.60/day; Adult *$3.65/day
Breakfast K-12 *$1.70/day; Adult *$1.85/day
Grades K-2 Full Year $40/Semester; $70/Year
PK Milk/Snack Full Year $55/Semester; $100/Year
Pupil Insurance (Costs per the insurance company)
Pre-K to 8 School Time $50
9-12 School Time $75
Pre-K-12 Full Time $180
Football Plan I $250
Dental (included in coverage above)
Student Activity Tickets (Optional) $40
* Subject to change during the year
The board waived board policy and will hold its second meeting of May on Tuesday, May 29, due to the Memorial Day holiday on the regular meeting date.