The Culver Community Schools Corporation has wrapped up its bond refunding process. Superintendent Vicki McGuire says it will give the corporation just under a million dollars for some small construction projects. Some planned improvements include concrete and roof repairs, as well as the purchase of a utility truck.
The money is also planned to be used to pay for the corporation’s share of a Secured School Safety matching grant awarded by the state. The school corporation plans to use that grant to make the entrances to the Middle/High School Building more secure.
However, McGuire points out that one place where the money from the refinancing efforts can’t be used is the corporation’s general fund, where additional money is sorely needed. It’s where staff salaries are budgeted, and it’s expected to experience significant cuts in state funding. The corporation’s considering staff reductions to help deal with the anticipated shortfall.
Along with the bond refunding efforts, the school corporation was also working to remove its unused Monterey School Building from debt, which would have paved the way for a potential sale, but McGuire says it was determined that the building is not in debt after all. That means the Culver Community Schools Corporation could be a step closer to being freed from the responsibility of maintaining a building that’s no longer being used. McGuire had told the school board last week that area sports teams have requested to rent the building for use as a practice facility, but liability concerns have prevented the corporation from renting the building out.
She says proposed projects using the proceeds of the bond refunding will be brought before the school board at upcoming meetings.