CHAPPAQUA, N.Y - The Chappaqua Central School District Board met Tuesday for its final meeting of the summer to wrap up a multitude of issues. The board levied taxes, transferred funds to the Retirement Contributions Reserve Fund and replenished the General Fund. The board also appointed 40 new teachers, volunteers and coaches for the upcoming school year.
The school board approved the transfer of $2,408,470 from the 2010-2011 non-appropriated unexpended fund balance from the General Fund to the Retirement Contributions Reserve Fund. Likewise, the board authorized the transfer of $367,400 plus interest from the Debt Service Fund, $13,894 from the Capital Projects Fund and $1,664,526 from the Retirement Contributions Fund to into the General Fund. The board also authorized to raise the budget for the 2011-2012 school to a sum not to exceed $111,448,488 for School District purposes and a sum not to exceed $2,766,724 for Library purposes.
The board also appointed a bevy of instructors and coaches for the new school year. Keri Zurlini was appointed as an elementary teacher in the Westorchard Elementary School. Nancy Ziegelbauer was appointed substitute teacher of mathematics at Horace Greeley High School. The board appointed Beth Aviv, a part-time teacher of English at Greeley and Charles Sehulster, district-wide athletic coordinator to a part-time position. In addition, 34 coaches were appointed at Tuesdays meeting for the fall 2011 season.
Assistant Superintendent for Business John Chow also described the districts energy performance contract, where they borrowed $6.2 million for the completion of Phase 1 of the project.
With the school districts excellent credit rating, we were able to borrow $6.2 million with a pretty low, 2.84% interest rate, Chow said. With the savings, we get from the energy performance contract, it will cost us nearly zero after the 16-year agreement expires. After 16 years, we will transfer the loan into our name for $1.
So far, Phase 1 is progressing well with an expected completion date of December 2012. The district has replaces many of the boilers, light fixtures, and windows to make their facilities more energy efficient.
Chow noted that the next phase of the energy performance contract may begin soon, as it is not necessary to complete Phase 1 before commencing Phase 2.
Were working hard right now on getting Phase 2 started, Chow said. And the good thing is, it doesnt have to wait for Phase 1 to be completed.
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