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Fillmore Central sells facility bonds for HVAC project


Fri, Nov 30th, 2012
Posted in Preston Education

By Jade Sexton

Patty Heminover of Springsted financial advisors gave the Fillmore Central School Board some great news at their regular meeting on November 27. She informed the board that the alternative facilities bonds were sold at a competitive sale that day, and that Fillmore Central had an upgrade in their Standard and Poors rating. The district is now rated at an A+, which helped them tremendously in receiving a lower interest rate.

The bonds were sold at lower than projected at 1.74 percent. Heminover said it is the lowest interest rate the district has ever had.

“That is really darn impressive,” said Heminover. She presented the board with a plaque congratulating them on their rating improvement.

The bonds will be used to pay for the HVAC project at the high school, which will begin in May.

Part of the reason the district was able to get a better rate was the increase in general fund over the last five years. According to Superintendent Richard Keith, the OPEB bonds from 2009 have saved the district $100,000 a year, and the HVAC project done at the elementary building has saved the district in operating costs. All of these things have helped them build up the general fund from $200,000 to over $2 million in the last five years.

Audit Report

The board approved the audit report as presented by Jason Boynton of Smith & Schafer. Boynton shared that the district is doing well, and has a strong general fund balance. The student numbers, which had been declining for several years, remained steady compared to 2011.

Boynton went over the expenditures and revenues for the year. The Community Ed. expenditures were up a little, and the food service revenues and expenditures were both up. The food service has a zero balance, which Boynton said most schools have. The district is paying down their debt service fund.

Boynton said it was a strong year for the general fund, and the OPEB bonds in 2009 have helped the district a lot. Chairperson Ross Kiehne thanked Boynton and everyone for their work.

“We are definitely going in the right direction,” said Kiehne.

Technology Committee

Keith told the board that the technology committee is moving forward with the one-to-one program in which the students in grades 9-12 will be receiving Mac Air laptops. They would like to get the policies .....
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FC Club isn’t “camera shy”

Fri, Nov 23rd, 2012
Posted in Preston Education

Students at Fillmore Central High School have an opportunity that most kids in the area do not, and that is the opportunity to learn more about photography, share their pictures with others, and explore their interest by joining the Photography Club ..... 
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Fillmore Central High School Scholar Club

Fri, Nov 9th, 2012
Posted in Preston Education

The Falcon Scholar Club was formed to recognize academic excellence. The criteria to become a club member are to maintain a 3.5 grade point average or higher with an all grades being a “C” or better for the previous school year. Therefore, only ..... 
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Fillmore Central passes on Special Ed. consortium

Fri, Nov 2nd, 2012
Posted in Preston Education

At the regular Fillmore Central School Board meeting, Superintendent Richard Keith informed the board about a request from a southern Minnesota special education consortium to join with the district. According to Keith, it is sometimes difficult ..... 
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The Fillmore Central High School Band

Fri, Oct 12th, 2012
Posted in Preston Education

The Fillmore Central High School Band Department will have 8 students proudly represent its school at the 2012 Three Rivers Honor Music Festival. The event will be held at St. Charles High School on Monday, November 5th, 2012. Students are selected ..... 
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Fillmore Central Dollars for Scholars changes its name

Fri, Oct 12th, 2012
Posted in Preston Education

As of October 1, 2012, Fillmore Central Dollars for Scholars has a new name - Fillmore Central Scholarship Foundation. The local scholarship committee was recently informed that the annual fee to be affiliated with Scholarship America would be ra ..... 
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Fillmore Central School Board approves winter coaches

Fri, Sep 28th, 2012
Posted in Preston Education

Coaches for winter sports were approved at the Fillmore Central School Board meeting on September 25, 2012. Athletic Director Chris Mensink informed the board of the choices and the numbers for each sport. According to Mensink, there are 53 boys ..... 
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2012 Summer Reading at Preston Public Library

Fri, Aug 31st, 2012
Posted in Preston Education

We had a fantastic Summer Reading Program this year, and we extend Congratulations to all of our successful summer readers! A total of 85 participated in Preston Public Library’s “Dream Big, Read!” reading program. Little ones in the Cuddle Me ..... 
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Fillmore Central School Board approves staffing changes

Fri, Aug 31st, 2012
Posted in Preston Education

The new school year is off to a great start for Fillmore Central students, who started school early this year due to a project being done at the high school next summer. Principal Heath Olstad said everything is running smoothly. At their regular ..... 
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