Board Issues $21 Million In Bonds

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It was a short meeting for members of the Litchfield School Board, who met only 18 minutes for their regular monthly meeting on Thursday afternoon, March 19, at Sihler School in Litchfield. Board members Ron Anglin and Valerie Cain were absent.

Among the items of new business, the board unanimously approved the issuance of up to $21 million in general obligation bonds. The bonds will be used to bring the four elementary school buildings (Sihler, Madison Park, Colt and Russell) up to code. 

Board members have not yet decided on a plan for the improvements. They are currently looking at several options, including building a new building, adding on to an existing building or renovating all four existing buildings. Originally, an architect for the district was scheduled to attend this meeting, but that presentation was postponed until a later date.

The board also unanimously approved the payment of March and April bills, which will allow the district to continue to pay bills in case of continued school closings and limited meetings.

In March, the bills payable for the district totaled $217,012, including $120,480 from the education fund, $32,606 from operations and maintenance, $2,406 from debt service, $30,014 from transportation, $29,905 from capital projects and $1,599 from tort.

In his treasurer’s report, Superintendent Dr. Gregg Fuerstenau told the board the total balance of all district funds is $7.1 million as of Feb. 28, including $4.9 million in operating funds and $754,581 in the capital projects fund.

As part of the consent agenda, the board unanimously approved an updated list of classroom volunteers, as well as membership into the Illinois High School Association (IHSA).

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