Prairieview-Ogden OKs bond issue in case it's needed
ROYAL— The Prairieview-Ogden school board this week declared its intent to issue $500,000 in bonds to increase the district's working cash fund.
Superintendent Vic White said the resolution is just a precaution.
"We are just getting paperwork ready in case we need to issue them," he said. "We will have up to three years to issue the bonds if needed."
The education fund finished $150,000 in the negative for July 1, 2012, to June 30, 2013, but the board made a few cuts to help balance budget.
The transportation fund finished with $36,000 to the positive and the operation and maintenance fund finished a positive $74,000, White said.
"The area of concern is the education fund," White said. "We will be asking the property owners for a 40-cent increase on the March 2014 ballot. This will bring us approximately $252,000 in new revenue in the education fund which will balance our budget."
The board approved the following dates and times for registration: 8 a.m. to 2:30 p.m. Aug. 5 at all three buildings; 1-3 p.m. Aug. 6 at all three buildings and 5-8 p.m. Aug. 6 at PVO North and South Elementary buildings; and 8 a.m. to 2:30 p.m. Aug. 7 at all three buildings.