Overview | Glen Lake 2024

Planning For the Future

Looking to the future of Glen Lake Community Schools, the Board of Education is asking the community to consider a bond proposal on the November 5, 2024 election ballot. If approved, the bond would fund highest priority mechanical system updates such as replacing unit ventilators and adding new duct work distribution to support climate-controlled classrooms with improved indoor air quality.

To maximize efficiency in the most cost-effective time frame, this replacement would also include connection to the new hot water boiler system and would add air conditioning to classrooms. Classroom casework and flooring would be replaced as needed, partially due to the new configuration of the classroom mechanical units. This would also provide additional appropriate storage for a cohesive classroom learning environment.

Community Forums

Public information forums will be conducted on October 1 at 9:00 a.m. and October 21 at 6:00 p.m. Please join district leaders to learn details about the November 5th bond election. We will share detailed information about the proposed projects and answer specific questions about the bond request.

What is the 2024 bond proposal?

A school bond election consists of permission to sell bonds that will be repaid through a millage (tax levy). The bond issue requested by GLCS would be used to finance building projects or other capital projects. These measures are placed on the ballot by district school boards to be decided by the voting public.

How can funds from a bond be spent?

Voter-approved bond funds can be spent on new construction, additions, remodeling, site improvements, athletic facilities, playgrounds, buses, furnishings, equipment, and other capital needs. Funds raised through the sale of bonds cannot be used on operational expenses such as employee salaries and benefits, school supplies, and textbooks. Bond funds must be kept separate from operating funds and expenditures must be audited by an independent auditing firm.

What to Expect on the Ballot

GLEN LAKE COMMUNITY SCHOOLS BOND PROPOSAL

Shall Glen Lake Community Schools, Leelanau and Benzie Counties, Michigan, borrow the sum of not to exceed Eight
Million One Hundred Seventy-Five Thousand Dollars ($8,175,000) and issue its general obligation unlimited tax bonds
therefor for the purpose of:

heating, ventilating, and air conditioning improvements to and remodeling of a school building?

The following is for informational purposes only:

The estimated millage that will be levied for the proposed bonds in 2025 is 0.48 mill ($0.48 on each $1.000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty (20) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 0.41 mill ($0.41 on each $1,000 of taxable valuation).

(Pursuant to State law, expenditure of bond proceeds must be audited and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)