THE KEEWATIN PATRICIA DISTRICT SCHOOL BOARD PLANS TO USE
A POSSIBLE 2 MILLION DOLLAR SURPLUS TO PAY OFF SEVERAL
PROJECTS.
PRELIMINARY FINANCIAL RESULTS FOR THE 2005-2006
YEAR SHOW THE BOARD IS UNDER BUDGET IN SEVERAL AREAS.
TRUSTEE GRANT ERICKSON BELIEVES IF THE EXTRA MONEY WAS TO
BE KEPT IN THE RESERVE FUND, THE MINISTRY OF EDUCATION MAY
FEEL THEIR CURRENT FUNDING LEVELS ARE MORE THAN NEEDED.
N051 Q:”…NOW.” 25 SECONDS
THE ORIGINAL FINANCING CONCEPT FOR THE HONEYWELL PROJECT
WAS TO USE THE ENERGY SAVINGS EACH YEAR TO OFFSET THE COST
OF THE TEN YEAR 2 MILLION DOLLAR CAPITAL LOAN.
IF THE SURPLUS COMES IN OVER 2 MILLION DOLLARS, THE
SCHOOL BOARD PLANS TO PUT THE REMAINDER TOWARDS CAPITAL
PROJECTS AT BEAVER BRAE SECONDARY AND DRYDEN HIGH.
