During the Perry School Board’s recent special meeting, the primary action on the agenda was the transfer of money from the Debt Service Fund to the Physical Plant and Equipment Levy.

Perry Superintendent Clark Wicks said a prior bond issuance was wrapped up at the beginning of June, and the debt service attached to it had a surplus of unused but allocated funds. “A lot of times when a bond is paid up, there is some dollars that is left over just due to interest or how payments are made. And we had $635,000 in addition to this whole debt service. So bottom line is, we needed to make that transfer into the PPEL so it’d be used for our facilities, and it’s a lot better than owing $635,000! That’s the other positive with that.”

Wicks added, the District needed to get the funds transferred prior to entering into another bond, with the issuance for the industrial technology facility and wrestling/multipurpose room project set to start this month. He said they will hold the additional monies in the PPEL fund for the time being, and see how things settle out in the facilities master plan. To learn more about this and other Perry School District topics, listen to today’s Perry Fareway Let’s Talk Dallas County program on air and at RaccoonValleyRadio.com.