1/18/14 - Some new bond money expenditures were reviewed by the Pinckney Board of Education at its first meeting of the year earlier this month. Voters approved $59 million worth of bonds for the district in 2010, which has gone to pay for projects including the new football stadium for Pinckney High School. Superintendent Rick Todd says there is more of that money left over than expected thanks to a few projects that came in under budget. Todd says about $6.5 million remains of the bond money, most of which will be spent this year on maintenance projects. These include repairs to things like roofs, parking lots, water heaters, and the high school gym floor. After these expenses, Todd says about $1.6 million should be left over. Because the district is in deficit with no fund balance, and there is no time frame in which that money must be spent, Todd says the district will probably hold onto it until major repairs or replacements are needed in the district. Some of the money has also been set aside to replace the turf in the football stadium when it is expected to wear out in 2022. (TD)
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