School facilities needs list nears $400 million
Original post made on May 7, 2012
Read the full story here Web Link posted Friday, May 4, 2012, 1:19 PM
on May 7, 2012 at 5:22 pm
Since facilities bond funds were used for all of the district's solar panel projects, instead of the originally intended facilities improvements, is it at least true that the "savings" from the solar panels are being directed back into facilities items?
If the savings are just used to "free up" operational funds (for things like raises), then it amounts to transfer of funds from bond money into operations. I'd like to think that our district has the integrity to "repay" the facilities fund with the savings from the solar panel projects.
on May 9, 2012 at 8:36 am
The solar projects did not use any of the facilities bond money. The money came from a federal grant that will be repaid out of the reduced PG&E bills. Projections continue to show a healthy and positive cash flow from the solar projects.