(AUDUBON) The Audubon School Board discussed refinancing their 2005 Bond at their meeting Monday night.
Audubon Superintendent Brett Gibbs said interest rates are low enough now that they’re actually seeing where there could be a significant savings to the district if they do refinance. He said right now they are just waiting for their audit report to come back.
“Because of our financial condition I think we can get an A rating financially and then that will lower our interest rate even more, saving us additional dollars,” explained Gibbs. “I think we’re close to that point where we want to refinance, we’re just waiting for a few more bits of information from our Auditor and from Piper Jaffrey; who we work with on that.”
Gibbs said the school board also discussed the School Budget Review Committee Request on Drop Out Prevention. Gibbs said they have a drop out program in place and every year they need to apply to the SBRC in order to get that program funded.
“This year we had a carry-over, so we aren’t actually levying for any additional dollars, just getting permission from them to use the carry-over money to continue with the program that we do have,” said Gibbs.
And, the school board reviewed their options with an architect regarding the elementary landscaping project. Gibbs said they are looking at redoing the exterior of the playground area and around the school. The old Middle School was torn down last summer and they’re looking at making some additional changes to the outside with sidewalks and bus drop off zones, as well as bringing the whole area up to standard and more attractive.