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shows two major decreases pointed out by the superintendent: in other instructional costs due to a drop in the number of children Rappahannock sends to Piedmont Technical Center’s special education programs and in contracted maintenance services due to the completion of a three year roof repair project.
No Capital Outlay
Supervisor chairman E. P. Luke noted that the school board’s budget doesn’t include anything under capital outlay for expansion of the high school. If funds are borrowed from the State Literary Fund to begin building this year, money needs to be added to cover debt service in 1981-82, he said, asking the school board for an estimate on cost of construction.
Massie replied that the board will be in a better position to give a cost projection at its May meeting when screening of 14 architects interested in the capital outlay project is completed.
Accountant Wally Cox interjected that the 1981-82 budget doesn’t have to include money for school expansion. If capital outlay is to be funded with a three per cent loan from the literary fund, interest payments do not begin until construction is completed and payments toward principal don't start until a year after the project is finished, he explained. While building is going on, monthly construction bills are to be paid by the county with reimbursement from the literary fund coming at the end of every month, Cox explained. Therefore, he said.
93.3%