Board hears ESIP proposal and caution about falling reserves; S&P flags negative outlook Business committee outlined potential ESIP projects up to $16 million that could fund energy-related upgrades (including plumbing/bathroom improvements) while Finance staff warned Standard & Poor's adjusted the district outlook to negative because of declining reserves and urged rebuilding unassigned fund balance.

The board revealed a groundbreaking $16 million plan to boost energy efficiency while facing financial scrutiny from Standard & Poor's over declining reserves.

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