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Board looks at funding options for next school
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Forsyth County News

Also at Thursday's work session, the school board:

* Reviewed an audit of the district's 1-cent sales tax use from June 2007 to June 2008. Accounting firm Mauldin & Jenkins handled the audit, a state requirement that showed the school system's reports were accurate.

* Received a budget update from Dan Jones, the school system's financial director. Jones cited a state senate bill that, if passed, could reduce the school system's income by $1.1 million. The legislation, known as SB 83, would increase homestead exemption from $2,000 to $4,000.

An elementary school projected to open in 2011 could be built using various funding methods, an official told Forsyth County's school board Thursday.

Robert Sewell, chief facilities and operations officer, recommended that construction of Mountain View Elementary be paid for with money left over from 2005 and 2007 bond referendums.

In addition, Sewell said, the project could use funds remaining from the current 1-cent sales tax.

Construction will cost nearly $20.4 million, with the school likely to open in time for the 2011-12 school year.

The school system has about $21.2 million designated for new construction.

With more than $7.8 million in state funding, the district would have about $8.6 million remaining for new construction after Mountain View is built.

Sewell recommended the remaining money go toward buying land for Future Elementary School No. 14, scheduled to open in 2012, along with Future Middle School No. 10 and Poole's Mill Elementary.

The school board had hoped Poole's Mill could be built along with Mountain View, the only school slated to open in 2011, given the low construction costs in the current economic downturn.

E-mail Jennifer Sami at