Leaders Heights Elementary
Financials
In April 2022, the DASD Board of School Directors authorized the administration to obtain bonds in the amount of $30.7 million to be utilized for the Leaders Heights Elementary building project. Because of the Board's foresight, the District was able to obtain a lower fixed interest rate than what the current market offers.
In April 2022, the DASD Board of School Directors authorized the administration to obtain bonds in the amount of $30.7 million to be utilized for the Leaders Heights Elementary building project. Because of the Board's foresight, the District was able to obtain a lower fixed interest rate than what the current market offers.
Outside of limited expenses including architect and engineering fees, the bond fund money is currently being invested to capitalize on higher interest rates which will provide a higher return on the bond fund for future use. The bond funds are independent of yearly general operating expenses such as salaries and benefits, etc., and are utilized strictly for capital projects, similar to a home mortgage.
Outside of limited expenses including architect and engineering fees, the bond fund money is currently being invested to capitalize on higher interest rates which will provide a higher return on the bond fund for future use. The bond funds are independent of yearly general operating expenses such as salaries and benefits, etc., and are utilized strictly for capital projects, similar to a home mortgage.
The Board is also committed through a Board Resolution, a guiding document that directs the administration on how to fund future capital projects. The Board Resolution provides a commitment to future building projects at York Township Elementary and Ore Valley Elementary.
The Board is also committed through a Board Resolution, a guiding document that directs the administration on how to fund future capital projects. The Board Resolution provides a commitment to future building projects at York Township Elementary and Ore Valley Elementary.