EXETER SCHOOL DISTRICT 2002 ANNUAL MEETING
WARRANT ARTICLES, AS AMENDED
BY FEBRUARY 5, 2002 DELIBERATIVE SESSION,
TO BE VOTED ON AT MARCH 12, 2002 ANNUAL MEETING

1.         Shall the District raise and appropriate as an operating budget, not including appropriations by special warrant articles and other appropriations voted separately, the amounts set forth on the budget posted with the warrant, for the purposes set forth therein, totaling $9,748,343?  Should this article be defeated, the operating budget shall be $9,691,593, which is the same as last year, with certain adjustments required by previous action of the District or by law; or the governing body may hold one special meeting, in accordance with RSA 40:13, X and XVI, to take up the issue of a revised operating budget only.  (The School Board recommends $9,748,343 as set forth on said budget.)

2.         Shall the District raise and appropriate the sum of $285,000 for the purpose of acquisition and installation of an elevator at Lincoln Street School and related alterations to Lincoln Street School.   This is a special warrant article.  (The School Board recommends this appropriation.) 

3.         Shall the District raise and appropriate the sum of $250,000 to be added to the special reserve fund under the provisions of RSA 35:1-c established by the 1997 District Meeting for the purpose of creating a fund to be used to offset the Exeter taxpayers’ share of the Exeter Region Cooperative School District’s bond payments (principal and interest) for the new middle level cooperative school building for the fiscal years from July 1, 2007 through June 30, 2017?  [The Exeter School District is receiving buy-out payments from the Coop for ten years (1998-2007).   However, the Exeter taxpayers' share of the bond payments on the new middle school will continue for an additional ten years after the buy-out payments cease.   The purpose of this Article is to reserve a portion of the proceeds from next year's buy-out payment to offset the Exeter taxpayers' share of the bond payment in years 11 through 20.  A capital reserve fund for this purpose and the first appropriation were approved by the voters at the 1997 annual meeting.]   (The School Board recommends this appropriation.)

4.         Shall the District establish a capital reserve fund under RSA 35:1 for the purpose of construction, reconstruction, or acquisition of school buildings and/or school ground site improvements, including associated engineering and architectural fees, and raise and appropriate the sum of $240,000 to said fund and designate the School Board as agent to expend from said fund.   [The Exeter School District is receiving buy-out payments from the Coop for ten years (1998-2007).   The purpose of this Article is to establish a capital reserve fund and to reserve a portion of the buy-out proceeds from the Coop to ease the future financial impact on the Exeter taxpayers for the cost of renovations to the Exeter School District elementary schools.]   (The School Board recommends establishing this capital reserve fund and recommends this appropriation.)

5.         Shall we rescind the provisions of RSA 40:13 (known as SB 2), as adopted by the Exeter School District on March 12, 1996, so that the official ballot will no longer be used for voting on all questions, but only for the election of officers and certain other questions for which the official ballot is required by state law?

6.         Shall the District authorize the School Board to determine whether and when to sell and convey the real estate at 131-33 Court Street on terms acceptable to the School Board?