District finance and operations staff told the Hannibal 60 board they achieved favorable bond‑sale timing and provided progress updates on multiple construction projects, including Porter Stadium and the Innovation Campus.

Why it matters: Bond sale results affect long‑term borrowing costs. The Innovation Campus requires coordinated procurement and grant match decisions; timely awards are necessary to satisfy improvement and equipment timelines tied to an enhancement grant.

Bond sale and timing: Finance committee members said the district’s bond sales were well timed relative to market moves. The underwriter’s adjustments and an earlier sale date converged to produce competitive rates and lower issuance costs compared with a prior sale, though true interest cost edged slightly higher because of market conditions.

Construction updates: Administrators reported that Porter Stadium is progressing despite weather-related delays; the contractor plans weekend work to meet the schedule. The Innovation Campus reached a 95% plan review, and the district expected to release bids shortly.

Enhancement grant and special meeting: The administration said spending about $200,000 in district bond funds for specified equipment would enable the district to receive roughly $680,000 in enhancement-grant funds for the Innovation Campus. Because bid returns and award decisions are time-sensitive, the administration requested a short special meeting in early March; the board agreed to schedule and post that meeting and to offer a virtual option.

Budget posture: The finance update showed the district’s earlier budget deficit has been substantially reduced. Administrators said updated ADA (average daily attendance) estimates could bring an additional $100,000–$200,000 in revenue, which would put the budget near balance if spending remains constrained.

Ending: Administrators said they would post bid documents and a special‑meeting notice and return to the board with formal award recommendations for board approval.