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Fillmore Central to study using bonds to pay retiree benefits


Fri, Aug 29th, 2008
Posted in Education

HARMONY - With the 2008-09 school year just a week away, the Fillmore Central School Board met on Tuesday, August 26, in the high school media center to finalize last minute plans for the upcoming school year.

OPEB Bonding

The 2008 Minnesota legislature authorized school districts to establish trusts and issue bonds to fund Other Post-Employment Benefits (OPEB) for retired teachers, who are eligible under the teacher contract for health benefits until they are 65. Presently, the district pays these liabilities out of the general fund. The new legislation would allow the district to issue general obligation bonds to pay the retirement benefit, while levying for the money to pay the principle and interest on the bonds. The legislation authorizes the district to levy for these funds without voter approval.

Superintendent Myrna Luehmann and Board Treasurer John Torgrimson recently attended a seminar on the legislation at the Service Coop in Rochester.

Luehmann told the board that the district would need to hire a firm to conduct an actuarial study to determine the district's liability over time to its retirees.

Torgrimson told the board that the district can choose to bond for all or part of the liability once the study has been completed.

"The benefit is that it would free up money in the general fund to be used for operating costs, rather than retiree benefits," Torgrimson said.

The board voted to approve an actuarial study by the Hildi Company for $3845, which should be completed before the board meets in September. The board will then review whether it wants to proceed with issuing bonds and the amount of tax burden, if any, it would place on taxpayers.

Revised Bus Contract

After the board approved a two year bus contract with Harmony Transit at its July meeting, the bus company asked the district to take another look at the fuel clause. Harmony Transit owner Mark Scheevel was concerned about the fuel formula being used given the volatility in fuel costs.

The Transportation Committee met with Scheevel and recommended going back to a fuel pool, similar to what was in the original contract. The new agreement calls for an increase of one percent in the base agreement the first year, and two percent in the second year of the contract. The fuel clause calls for a cap of $30,000 in the pool with the base rate set at $3.00 per gallon.

The board rescinded the previous action .....
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Rushford-Peterson joins Minnesota Schools Food Buy Group

Fri, Aug 29th, 2008
Posted in Education

RUSHFORD - At its monthly meeting last Monday, August 25, the Rushford-Peterson School Board approved Superintendent Chuck Ehler's recommendation that the district join a food buying co-op, the Minnesota Schools Food Buy Group, as the most recent co ..... 
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Kingsland School Board meets in new high school

Fri, Aug 22nd, 2008
Posted in Education

The first Kingsland School District School Board meeting was held Monday night, August 18 in the new High School cafeteria.

The building Project Update was given by Pat Simpkins of the DLR Group. He said that the project is winding down to ..... 
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Lanesboro Schools looks into security system

Fri, Aug 22nd, 2008
Posted in Education

Teenaged boys in orange and black jerseys clustered around the doors of the Lanesboro School on a cool, rainy Thursday evening as the school board gathered inside to address the upcoming year. Fall was in the air.

Principal Brett Clarke pres ..... 
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Fillmore Central sells parcel of land in Harmony

Fri, Aug 1st, 2008
Posted in Education

PRESTON - The Fillmore Central School Board held a very short special meeting on July 30 to cover a few key issues that couldn't wait until the board's next official meeting on August 26.

The school district recently learned that they owned ..... 
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Fillmore Central bus costs skyrocket

Fri, Jul 25th, 2008
Posted in Education

PRESTON - Transportation costs, community projects, and handbook changes were important issues at the Fillmore Central School Board meeting, held at the middle school on July 21.

After several Transportation Committee meetings over the past ..... 
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R-P's test scores rise in reading and math

Fri, Jul 25th, 2008
Posted in Education

The Rushford-Peterson district made "notable improvement" in its pass rate in both reading and math scores on this year's MCA II tests, according to a report from the Hiawatha Valley Education District (HVED).

The report was presented by sup ..... 
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Lanesboro School Board discusses bullying

Fri, Jul 18th, 2008
Posted in Education

There was much work done at the Lanesboro School Board's Thursday, July 17, meeting in preparation for the coming year.

The principals reported that a meeting had been held with parents concerned about bullying. Their concerns were heard and ..... 
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Fillmore Central School Board makes changes to cell phone and other policies

Fri, Jun 27th, 2008
Posted in Education

HARMONY - Fillmore Central School Board members went over some changes in staffing, handbook policies, and prices for the 2008-2009 school year at their regular meeting on June 23.

High School Principal Heath Olstad discussed some of the cha ..... 
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