Beaver Dam School District Has $226K In Leftover Referendum Funds

(Beaver Dam) The Beaver Dam School District has over $226-thousand dollars in unused funds left over from the recent referendum. The $49-million-dollar referendum approved by voters in the fall of 2016 was used to completely overhaul the high school and make security enhancements at all district elementary schools and the middle school. District Director of Business Service Anne-Marie Malkovich says the district generated nearly a half-million dollars in investment revenues and interest from borrowed money before it was spent. Malkovich told the school board recently that same revenue stream was used in the 2017-18 budget to pay-off debt, which lowered the tax impact of the referendum and kept the mill rate under ten dollars. The $226-thousand-dollar number could change slightly because there is still interest being generated and some minor expenses that have yet to be paid.  Suggestions for using the remaining funds include fencing and-or lights around football field and track, a monument sign in front of the high school, additional outdoor storage or to pay debt.