BUDGET AND BOARD ELECTION INFORMATION

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Vote Tuesday, May 21, 2024
Noon to 8 p.m. @ Mountain View Campus

PROPOSITION 1 – THE BUDGET
To adopt the annual budget of the Boquet Valley Central School District for the fiscal year 2024-2025 and to authorize the requisite portion thereof to be raised by taxation on the taxable property of the District.

PROPOSITION 2 – BOARD MEMBER VOTE
To elect two (2) members to the Board of Education for three year terms commencing July 1, 2024 and expiring on June 30, 2027 to succeed Evan George and Micah Stewart whose terms expire on June 30, 2024 and one (1) member to the Board of Education to fill an unexpired term commencing May 22, 2024 and expiring on June 30, 2025. Voters may vote for three (3) trustees.

PROPOSITION 3 – Capital Project Reserve Fund
Shall the following resolution be adopted, to wit: RESOLVED, that the Board of Education (the “Board”) of the Boquet Valley Central School District (the “District”) is hereby authorized to establish a capital reserve fund pursuant to Section 3651 of the Education Law of the State of New York (the “Fund”); that the Fund shall be known as the “2024 Capital Project Reserve Fund” of the District; that the Fund shall be established for the purpose of financing, in whole or in part, the District’s activities in acquiring, constructing, reconstructing, adding to, renovating, altering and improving District buildings, facilities, grounds and real property, including the acquisition of original furnishings, equipment, machinery and apparatus required in connection therewith; that the ultimate amount of such Fund shall not be greater than $10,000,000 plus interest earned thereon; that the probable term of such Fund shall be not longer than fifteen (15) years but such Fund shall continue in existence for its stated purpose until liquidated in accordance with the Education Law; and that the permissible sources from which the Board is authorized to appropriate monies to such Fund from time to time shall be (a) the transfer of the entire remaining balance of $882,708.10 plus accrued interest from the District’s current Westport Central School District Capital Improvement Reserve Fund established pursuant to Education Law Section 3651 and approved by voters proposition on February 7, 2017; (b) the transfer of the entire remaining balance of $4,142,205.14 plus accrued interest from the District’s current
Elizabethtown-Lewis Central School District Capital Improvement Reserve Fund established pursuant to Education Law Section 3651 and approved by the voters proposition on May 20, 2014; (c) current and future unappropriated fund balances made available by the Board from time to time, (d) State Aid received as reimbursement for expenditures by the District in connection with District capital improvement (whether or not
financed in whole or in part from such Fund), (e) the proceeds from the sale of unneeded District real or personal property, (f) future transfers of excess monies from Board of Education designated reserves, and (g) such other sources as the Board or the voters of the District may direct?

PROPOSITION 4 – Transportation and Maintenance Equipment Reserve Fund
Shall the following resolution be adopted, to wit: RESOLVED, that the Board of Education (the “Board”) of the Boquet Valley Central School District (the “District”) is hereby authorized to establish a capital reserve fund pursuant to Section 3651 of the Education Law of the State of New York (the “Fund”) to be known as the “2024 Transportation and Maintenance Equipment Reserve Fund,” the purpose of such
Fund shall be to finance, in whole or in part, the purchase of vehicles for student transportation and other equipment and the cost of maintaining the same; the ultimate amount of such Fund shall not be greater than $10,000,000 plus interest thereon; that the probable term of such Fund shall not be longer than ten (10) years, but such Fund shall continue in existence for its stated purpose until liquidated according to Education Law or until its funds are exhausted; and that permissible sources from which the Board is authorized to appropriate monies to such Fund from time to time shall be (a) the transfer of the entire remaining balance of $582,795.64 plus accrued interest from the District’s current Elizabethtown-Lewis Central School District Transportation and Maintenance Equipment Reserve Fund established pursuant to Education Law Section 3651 and approved by voter proposition on May 20, 2014 (b) current and future unappropriated balances as directed by the Board; (c) amounts from budgetary appropriations from time to time; (d) transfers from other reserve funds as authorized by law; (e) State Aid received as reimbursement for bus purchases and equipment; and (f) such other sources as the Board or the voters of the District may direct?