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CIS Board Meeting Notes
By Calen McKinney
Campbellsville Independent Schools
Board members refinance loans to save $200,000
After the refinancing of some outstanding loans, Campbellsville Independent Schools now has nearly $3.6 million in bonding capacity for future construction.
At the regular Campbellsville Board of Education meeting on Monday, Oct. 17, Board members discussed refinancing some current loans to receive a lower interest rate.
Bob Tarvin of Ross, Sinclaire & Associates LLC spoke to Board members - who also serve on the District's Finance Corp. - about the possibility of refinancing.
Two outstanding loans, issued in 2005 and 2008, Tarvin said, have interest rates at about 4 percent.
New rates, he said, if those loans were refinanced, will be about 2.35 percent. Refinancing, Tarvin said, will save about $200,000.
Since the loans are being paid for by the School Facilities Construction Commission, he said, refinancing the loans will give the District a bit more in bonding potential.
Any savings that are generated as a result of a district refinancing the loans go directly to the local district, Tarvin said.
After agreeing to the refinancing, the District's bonding potential stands at $3,475,000 in local potential added to $95,000 in SFCC bonding potential, for a total of $3,570,000.
Board members unanimously approved a resolution to refinance the current loans.
In his monthly report to Board members, Deaton said test scores were recently released, and Campbellsville Independent Schools' students fared very well.
As a whole, the District is now Distinguished.
CES is a School of Distinction, making large gains this year, Deaton said.
The fourth- and fifth-graders at CMS are proficient, with the sixth-, seventh- and eighth-graders falling into the needs improvement category.
Deaton said efforts are being made to study that data to make sure those scores increase during the next round of testing.
And, CHS is a School of Distinction and, as such, is now ranked 19th out of the 228 high schools in Kentucky.
Deaton said teachers are working to replicate those scores this year, and improve scores with those students identified in the GAP category.
"I'm very proud of the work that's going on," Deaton said.
Deaton said the climate at CHS is focused on being college and career ready.
ACT scores at CHS are continuing to improve, he said, and students have surpassed several surrounding schools.
Mitchell Roe, a construction manager at Codell Construction Co., said the CES renovation project is going very well.
Progress is being made on the new cafeteria and front office.
Workers were able to make much improvement on the parking area, Roe said, and very quickly.
"These guys did an amazing job," he said.
Work on the project will now focus on flooring and the installation of doors and glass for the windows in the administrative area, and ceilings, an HVAC system and lighting in the cafeteria.
The bell is now hanging in the bell tower, Roe said, and lettering has been installed on the front of the school and in the back by the new cafeteria.
Campbellsville Middle School was in the academic spotlight at the meeting.
Site-Based Decision Making Council members Katie Campbell, Jessica Lile, Sharon Harris and Don Dabney discussed test scores and other happenings at the school.
Campbell said she and the other teachers at CMS are proud of how students have improved their scores, but realize more work needs to be done.
"But it's important to know that we are headed in the right direction," she said.
She said CMS attendance is the highest in the region at 98 percent, and the school will now compete for the highest school attendance in the state.
Campbell said educators from Georgia recently visited CMS to learn all about what the school has to offer. The group was given a tour of the school, and observed teachers using personalized learning in their classrooms. CMS Lighthouse Team members welcomed guests and then met with educators from Eagle's Landing Middle School for a panel discussion.
Harris said teachers are compiling testing data to identify students who need additional help in content areas, and then adjustments to RTI classes are being made.
Teachers are stressing to students the importance of them owning their test scores, Campbell said.
Students today more than ever, Lile said, know where they fall when it comes to state testing, and teachers are helping fill any gaps.
"We're meeting them where they are," she said.
Campbell said CMS test scores are comparable to middle schools in the area, but teachers understand there is room for improvement.
She said student-led conferences are a way to help students take ownership of their grades, and have been working well at CMS.
As a parent, Dabney said, using personalized learning in the classroom has motivated his son to continue and taken ownership of his studies.
"Whatever it takes to get them motivated," he said.
Also at the Meeting:
This story was posted on 2016-10-25 07:20:10
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