Audio; Evansville School Board: 11/9/2009; Votes 4-3 NOT to purchase house on 2nd Street. Beginning at minute 30 to the end of the discussion, classic dialogue on the issue.
Mr. Hatfield explains that the School Board is in the business of education, not flipping real estate...And further that one cannot raise the fund balance by buying an asset and then burning it----the school accountant differed, and was instructed of the erroneous thinking. This is a classic discussion for all students in accounting.
Melissa Hammann weighed in on the issue and said the School Board has decided that nothing will be built till the debt on the High School is paid for in 2021.
Classic audio beginning at the 30 minute mark. Enjoy.
MP3 File
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