Thomasboro school gets "good" financial score

By DAVE HINTON
Rantoul Press editor


THOMASBORO — Thomasboro School District has received a financial score of 3.65 out of a possible 4.

The school board learned at its January meeting that the district received a 4 in five areas of the review conducted by the Illinois State Board of Education, but a 3.0 out of 4 in the area of expenditures-to-revenue.

Superintendent/Principal Bonnie McArthur said the 3.65 rating “is a good score, and we should be given the status of ‘recognized.’”

She said the district’s financial profile score has ranged from 3.55 in 2009 to 3.9 in 2010.

The score is broken into five areas — fund balance-to-revenue ratio; expenditures-to-revenue ratio; days cash on hand; percent of short-term borrowing maximum remaining; and percent of long-term debt margin remaining.

“We  have worked very hard over the last three to five years reducing our expenditures,” McArthur said, “but as we have reduced our expenditures, the revenue has (declined) at a greater rate.”

She said there is no way the school district can reduce its expenditures to match the loss in revenue in general state aid, transportation and federal Title I “without sacrificing programs, eliminating staff and combining classes.”

“All these areas are looked at each year as we attempt to balance our budget with fewer revenues. This year will be no exception,” the superintendent said.

HVAC project complete. The board also learned that an HVAC control project is complete and that a lab had reported on the condition of an air conditioning compressor for the school gymnasium.

The board learned that Alpha Controls, Rockford had completed a project for the HVAC controls. The company had submitted a bid of $56,720.
Money for the project was paid for from an energy grant. The district, however, will have to return $15,967 of the grant money that it did not spend.

The district received a $131,000 state grant, which was matched by the school district using health and life safety funds.

The district used the funds to replace the boiler system, replace light fixtures, upgrade controls on the HVAC system and install occupancy sensors, the total of which came in at $30,000 less than the grant money. As a result, the district must return the state’s portion of the grant — nearly $16,000.

District likely to pay for compressor. The board also learned a lab inspection of the compressor for an air-conditioning unit on the roof of the school gym found that the compressor worked in the lab. The inspection, however, indicates that “remedial action would be required to reduce the risk of additional failure.”
The air-conditioning unit was repaired, and the worst section was sent off for inspection to see what caused it to fail. School officials believe a storm caused the damage, but the district’s insurance company disagrees.

McArthur said even though the compressor ran “it does not mean it was running well enough to service the gym.”
The lab opined that since the compressor ran in the lab, “the 11-year-old compressor’s failure to cool the gym was not due to mechanical or electrical failure,” McArthur said.

As a result, McArthur said she believes the insurance company will not cover the $9,000 cost to replace the units.
She said the insurance company received the report last week.

Attendance report given. McArthur reported the school’s second quarter attendance was 94 percent. Enrollment is at 138.
She said a spring dinner meeting for new school board members will be held in Charleston.

In other business:
— The board voted to employ Amy Snow as assistant volleyball coach.

— The board approved the appointment of bookkeeper Jennifer Bohlman as Freedom of Information Act and Open Meetings Act contact person.

— The board voted to let bids for cafeteria foods and services.

— The board voted to develop the tentative 2013-14 budget.

dhinton@rantoulpress.com




 

Categories (2):News, Education

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