Lawrence school board to hear finance advisory council report

The Lawrence school board will hear a report Monday that compares the district’s financial picture with that of other districts of varying sizes and demographic makeups.

The Finance Advisory Board was established in January 2012 to provide feedback on finance and budget issues. The seven-member group is chaired by former school board member Cindy Yulich.

Also during Monday’s meeting, the board will decide whether to charge the advisory panel with oversight of how bond proceeds are spent and make recommendations for the use of any underspent budgets and interest earnings.

The report to be presented Monday compares the Lawrence district with 21 other districts in Kansas on factors such as total spending per pupil, total taxes and debt-per-student ratios. A Power Point presentation of the report is available online on the district’s website.

The report shows the Lawrence district on the lower end of the scale for its debt-per-student ratio and about average for its total property tax mill levy.

The report is expected to become part of public discussions about the district’s proposed $92.5 million bond issue that voters will decide in the April 2 election.

District officials are calling it a “no-tax-increase” bond proposal because, if approved, they say those bonds would be issued in three phases, timed so that it will not result in an increase in the district’s property tax levy for debt payments.

In other business, the board will:

• Consider renewing a licensing agreement with Follett Software for maintenance and support of library automation software.

• And give recognition to award winners in the Great Plains Regional National Engineers Week Future City Competition and the top winners of the district’s Science and Engineering Fair.

The school board meets at 7 p.m. Monday at the district office, 110 McDonald Drive.