June 06, 2006
Status: Pending
Approve an interest free loan in the amount of $71, 728 for the purchase of new band uniforms for the students.
The band uniforms for Deerfield Beach High School are in dire need of replacement. The school requests an interest free loan from the School board in the amount of $71,728 to be paid back over a five year period at the rate of $14,345.60 per year, beginning fiscal year 2006-2007.
The loan in the amount of $71,728 is to be repaid jointly by Deerfield Beach High School Booster Club for band and Deerfield Beach High School over a five year period, at the rate of $14,345.60 per beginning fiscal year 2006-2007.
Requested Action
Approve an interest free loan in the amount of $71, 728 for the purchase of new band uniforms for the students.
Summary
The band uniforms for Deerfield Beach High School are in dire need of replacement. The school requests an interest free loan from the School board in the amount of $71,728 to be paid back over a five year period at the rate of $14,345.60 per year, beginning fiscal year 2006-2007.
School Board Goals
| Goal 4 - All stakeholders will work together to build a better school system. | ||
| Goal 1 - All students will achieve at their highest potential |
Financial Impact
The loan in the amount of $71,728 is to be repaid jointly by Deerfield Beach High School Booster Club for band and Deerfield Beach High School over a five year period, at the rate of
$14,345.60 per beginning fiscal year 2006-2007.
Source of Additional Information
Joanne Harrison 754 321-3400
Associated File Attachments
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Memo from Principal (Files) | |
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Quote from Vendor (Files) | |
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ExecutedARF (Files) |