August 11, 2016 at 6:30 PM - GIPS BOE Public Hearing on Budget Modification

Rationale:  It is 6:30 PM and I now call to order the Grand Island Public Schools Board of Education Meeting.  This is the August 11, 2016 Public Hearing on Budget Modification.  Notice of this hearing has been advertised in the Grand Island Independent, which is the District's designated method of giving notice of these meetings.

We want those in attendance to know that copies of the Open Meetings Act are available at the entrance to the Board Room.  If anyone in attendance is interested in addressing our Board, you are welcome to do so.  We simply request that you complete the appropriate form and turn it in to us now so that you may be recognized during the Public Forum part of our meeting.  These forms are also located by the entry doors of this room.

 

Rationale: 

As the 2015-2016 fiscal year end draws near the need to amend the adopted budget is necessary in both the Bond and Cooperative funds. In the Bond fund an additional fee was charged to the District due to our escrow account closing out on our 2005 general obligation bond refinancing series. In the Cooperative fund we reduced the 15-16 budget two-million dollars form the prior fiscal year due to planned reduced spending on Federal below age five programs and several district's withdrawing from the CNSSP cooperative. The slower than planed reduced spending and the additional fee was an unknown budget factor when the original budget was adopted. No additional taxes will be necessary to carry out the proposed budget amendments.

Rationale:  Patrons desiring to address the board concerning the proposed 2015-2016 budget modification will be given an opportunity to speak;  The President of the Board will assign a time limit for each presenter.