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Did the school district use money from the capital outlay fund to finance the two football fields and facilities or did it use other sources of finances?


Here are the sources of revenue used to finance construction of “outdoor athletic facilities improvements to address safety, quality and equity issues” at Free State and Lawrence high schools, said Julie Boyle, spokeswoman for the Lawrence school district: $9 million from a capital lease; $4.7 million from remaining 2005 bond issue funds designated for the high school campuses; $2.5 million from the district’s capital outlay fund; $635,000 from private donations. “The project total is approximately $16.8 million,” Boyle said. The capital lease is an equipment lease with a banking institution to be paid off over a 10-year period, Boyle said. Lease payments are budgeted and paid from the capital outlay fund.

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