Can money from the bond program be used to pay for salaries and benefits?
No, that is against state law. Bond dollars cannot be used for operation expenses such as employee salaries, repairs, maintenance, or energy costs. Bond program funds must be accounted for separately from general operating funds. Bond funds are also subject to audit.
Please explain what bond program money can cover and what it cannot.Bond proceeds can be used for the following items:
Bond proceeds cannot be used for the following items:
- Construction and remodeling of facilities
- Purchase of technology equipment
- Equipment and furniture
- Site improvements
- Bus purchases
- Salaries and wages
- General operating expenses and maintenance
- Classroom supplies and textbooks