H-M-S board mulls uses for excess funds
Money left over from facilities projects
December 23, 2021
With funds remaining from the Hartley-Melvin-Sanborn School District's facilities project, the question now is how to best use them for other purposes.
The school board met virtually on Monday with Tim Oswald, managing director of Piper Sandler, to learn the district's options for using approximately $367,000 in funds not required for the facilities project. Business Manager April Hengeveld said any remaining project costs would be final contractual obligations and bond fees.
According to Superintendent Patrick Carlin, the $367,000 is what remains from a $4.1 million loan. It is being repai...