ALPENA - Alpena Public Schools Board of Education heard a report from Superintendent Brent Holcomb regarding the Boys & Girls Club closing its units at Thunder Bay Junior High and Alpena High School due to financial constraints on the club.
"It's one of those things we don't want to lose, but they don't have the resources to continue at those locations," Holcomb said. "We want to work it out to try and continue the resources for those kids. We'll do all that we can to try and continue those services."
Joyce McCoy reported that transportation for those involved in the program has been arranged through already existent transportation routes.
The board also heard the finance committee report that it is working on the deficit elimination plan, but closed session negotiations would have a significant impact on the plan, so it is still a work in progress. The finance committee plans to hold additional meetings to complete the deficit elimination plan.
The committee also discussed the Standard & Poor's Rating, which was lowered from an "A" to a "BBB+," for the school issuer credit rating general obligation bonds. It also stated the ratings outlook is stable, attributing the downgrade to the district's challenge with maintaining financial structural balance and a negative general fund balance for the fiscal year ending June 30. A consultation with the attorney is planned since this rating could impact cash flow borrowing.
Holcomb added to funding concerns by pointing out the EAA state legislation takeover of the lowest performing 5 percent of schools and the unbundling of education financing, which passed through the House with modifications.
He also reported that days and hours for snow days will be made up by adding three days, and that it appears, as of Monday that June 7 will be the last scheduled day for students.
In other business:
Nicole Grulke can be reached via email at email@example.com or by phone at 358-5687. Follow Nicole on Twitter @ng_alpenanews.