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Falls City School Board Approves Amended Budget

By Matthew Leaf

05/13/2014

(KTNC) - The Falls City School Board approved an amended 2013-2014 Fiscal Year budget Monday night. The action was necessary due to changes in the bond fund after the board refinanced $1.65 million worth of district bonds earlier this year.
During a public hearing, Superintendent Tim Heckenlively said the changes to the Bond Fund have no impact on the property tax request and don’t affect the district’s bottom line.
The bonds are due to mature in five years, and Heckenlively said the district should save a little more than $82,000 in that time, with the interest rate lowered from 3.35-percent to 1.09-percent.
In other action during a busy meeting, the board approved a motion to continue the UNL Extension School Enrichment partnership for another year. District 56 provides 13-percent of the funding for the program, or a little more than $6,200.
The board approved a three-year contract with Julie Bauman for auditing services.
And the board approved the first reading of several policy revisions. The main revision, according to Heckenlively, is a change to the Visitor, Parent and Spectator Conduct Policy that allows the district to deny access to school property or activities to anyone on the Nebraska Sex Offender Registry.

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