the personalized electives go from six credits to 12. That's double. It will behoove us to really get creative and provide um elective credits and courses that students are interested in that add value to their experience that prepare them for life beyond high school. Um and so we will be digging into that as a high school with our teachers and vetting those through um our policy committee. You'll also notice a couple of the fundamental areas such as math and English even though there are similar numbers of required courses and credits. There's a lot more flexibility on what those look like. For example, as it relates to math, there's actually one more credit from six to seven, but there's really only three required credits, two algebra and one personal finance. The rest have a lot more flexibility. I think our collegebound students will continue to follow the typical pathway of a a two algebra one sequence, two geometry and two algebra 2 sequence, but they don't have to.
So I'm going to walk through this information and provide some detail behind those. The maximum borrowing amount of $18,855,000. This is the maximum cannot exceed number. Um the school can issue. We ran this assuming one bond issue, but the school if desired can issue this in two multiple bond issues. So as long as the total accumulative amount does not exceed that $18,855,000 estimated project uh proceeds around 17.7.2 million. Um this is net of cost of issuance unwriter fee and any estimated capitalized interest. So this is actual dollars estimated dollars for the project. estimated repayment term uh 20 years per series. This can be shorter. So again, if the school chose to issue multiple bonds issuances, they could it could be two years, five years, 10 years, um whatever they feel like um comes time for the bond sale as long as it does not exceed 20 years um per series.
example might be um an eighth grader who wants to take um first year of a world language, so Spanish or or French. Um they also are in the jazz band and they um that's a course that that they have or um another type of of performing art and they want to take Project Lead the Way because they're really passionate about the engineering pathway that they might go into as in high school. So, it would really be individualized for each student, but particularly students who are interested in world language and performing arts that tends to fill their schedules. That was my question. I was kind of wondering if it was going to be a performing arts sort of a, you know, question, but thank you. That's helpful. Miss Pucket, did you have a question on the diploma? right the state level is referring to not the model attendee rate which I think is what you're referring to but they're referring more to excused versus unexcused absences and how many unexcused absences a student might have in terms of qualifying for that would we'd be able to set that and work work with the definition per the new diploma to see how that would fit into we have a lot more flexibility at the school level.
Thank you. Uh Lori, last but not least, would you take the last question? So So my question's long, but the good news is the answer is probably short and it gives your your voice a rest. Um but it's I need to kind of tell a little background. So, we're currently in the middle of a big shift. Our current interim superintendent has had to do much more than just his superintendent duties. Um, he's trying to make sense of last year's budget and finding things like job descriptions and professional practices that need updating or creating as just some simply don't exist. There were two rural districts that kind of came together. Um, he typically works well beyond 7 p.m. on weekdays, attends town meetings in both Burland and Boilston that often run until 9 or 10, and he often spends weekends in central office. Do you feel you are equipped to continue his work?
She's taught grades one, two, three. Uh she was a reading specialist, an instructional coach, um and most recently for the last three years, she's been the assistant principal at the South Elementary School in Somerset. And we're very, very excited for her to join our team. We think she's going to be a great fit. So, we're very excited to welcome her this evening. [Applause] Hi all, good evening. I am very excited to join the administrative team uh here in Dartmouth at Quinn Elementary. Um, as Audra had said, I um am concluding 20 years of service for the town of Somerset, and I um take that very seriously, but I am looking forward to that next step in my professional career to grow as an educational leader here in Dartmouth. Um, I know in a big school comes the big challenge of learning as many faces of staff and students and their families.
We don't mess with any of that stuff. Um, so other things uh like uh you own equipment, so you maintain all all your equipment. It's not like doing a bus service where you you bid out a bus service and you get rid of all your buses and then 7 years down the road you say this isn't working very good and then you have to buy all your buses back. You maintain all the equip you have all the equipment. So, uh, in fact, you can get out of the contract, you can do your annual renewal, but if something goes arai and you want to get out get out 90 days, you can do that as well. So, um, the 5-year fixed price contract does not necessarily lock you in for 5 years. So, so is this like HelloFresh for schools basically? I mean, is this like HelloFresh for schools?
So here's the school. We have a little dinky shelter right there that isn't much of one if you look at what other people have. Uh we would try to put up something pretty nice in the middle is what my thought process would be in whatever we go with because it really ties up together. because that's where basically when you're running something, everything is centered out of there and dealing different things with it. So, I know pickle ball is a really big thing now, too. Would you be willing to or do they do pickle ball lines on tennis courts right now? Yes. Um, a lot of people people that are doing this stuff, they do put those in because you can put them in a little lighter shade to where you don't really notice them while you're playing. It's kind of like if you look at the basketball court, there's volleyball lines on it to where it really doesn't affect it that much because it's different colors, so it doesn't bother much.
Invited the foundation to come and pick up boxes of the stuff that they had packed. And I got there at shift change time to pick up stuff. It was so cool because there were people like families with kids who were five and seven going in. There were people who honestly went in with a walker and sat on a stool and I was like, "This is for like legitimately five to 95." So, super cool, super fun.
I thought we No, it wasn't employee. Wait, what's the Oh, that's just for suspensions. The suspension one is standardized. Yes. Yeah. Yeah, the suspension one is. And then an updated suspension form to include community amend not either of those words, restorative practices, right? And then um you this one is technically like an asterk but like an updated uh restraint parent notification of student restraint and staff documentation forms. I think that's it off the top of my head. That's a lot right there. Yeah. What was the last one? Um it's the like the restraint and seclusion forms. Um an updated parent notification and then an updated uh team like staff documentation form updated team step what what is that? Uh so like right now there's this like how who is there and like let's talk about it but it doesn't follow the coping model that's part of our CPI training.
As you know, there's a K5 publishers kind of do a K5 group and then a 68. So, we're bringing to you the K5 decision that our teams have gone through. We started with our coaches and interventionists reviewing those products. In the fall, we brought four products to our teacher teams that included sped, e, and classroom teachers as well. And then um interventionists have played a a role in that. We did a review of the products. We scored them. I brought in three vendors to come in and do presentations. We scored those. And then we also came up with our top two products and piloted those from December through the end of March. And through that process, I worked with neighboring districts to do some Q&As's for our teachers. We brought in our vendors to do some Q&As's throughout January through March. And I also worked with our teachers multiple days after school to um give me feedback in relation to each of those products.
We want to make sure we're a part of that and the timing of it really wants to align with the master plan as well to find ways to make sure that uh uh the physical conditions of the building support what you're doing educationally and also can help to to mitigate some of those equity imbalances that we talked about. Uh it's also important from a budgeting standpoint to make sure that we got the dollars when we need them and where we need them. And Dan will be an integral part of that process as we start to to work through it, try to uh filter that information and and set priorities to what's important and how to time it out. Um, we want to make sure that, you know, if we've got, let's for say, for example, an air handling unit that is maybe at the end of useful life and we look at it from a life cycle only standpoint, it's ready to be replaced.
Maybe have some Saturdays where we get some groups here from like 8:00 to noon, hey, we're going to tackle these things, you know, knock out some stuff and plant some flowers and just makes make your stuff look look good, you know. So that's that's something hopefully the ones that have to do like community service hours. I mean can they I don't know. Yeah. Get some guys from the jail. Can we use I mean can we use I don't know. I mean do you ever have anybody that needs to do community service? I've never had anyone contact me about that. But is that an option? It could be. I don't know what I would have to check with the check and see what the stipulations are on that as far as what they're you know I know they can work at the park and you know other places like that.
Um I think what you'll find is um the autonomy there depending on what a student's um plans are beyond high school graduation. And finally, Cindy, if you don't mind this slide, I I want to kind of land the plane a little bit by sharing what Huntington North High School is looking at currently, what we've been looking at over the course of the last three months, and then where our focus will be moving forward. Um, I'll start by saying we plan to obviously align ourselves with what the state of Indiana has um prompted us to do, uh, which is to make sure our students can earn their diplomas um, in a in a good time frame and make sure that we equip them well. Our counselors, like I mentioned at the beginning, will be at the tip of the spear on this. So, show them love.
Estimated interest expense of 15,678,000. Um this is based upon 5% interest rate. If this was sold as of late, it'd be closer to 4%. So just to give you the idea amount of cushion built in for these estimates the maximum annual payment of $5 million. Again this is a cannot exceed number estimates are closer to about 4.6 million. So just to give you idea of amount of cushion still built in before we reach that um that 5 million mark and estimated debt service tax rate impact of 0 cents. And this is based upon no notices value growth in today's legislation. Um with legislation still going on. We won't know what that actually looks like for another few weeks. So um the good thing about the school selling in the fall time is the fact that um one they'll know what legislation looks like and two net assess value will be in hand and so this gives them as much flexibility come time.
Determine what's excused versus unexcused. Sure. And and we're just in the preliminary phases of envisioning what this could look like, but it would be an option for our dual language students who still want to have two electives. So, um right now, Spanish language arts takes one of their their electives. And so it would be a bilingual space um co-taught by a dual language teacher as well as a an English teacher. And so they would create and use the same standards and it would be a 50/50 type of language allocation model. Question. Okay, one followup and I think I'm done. maybe um proficiency will that affect or how would that for our like non for Let me finish processing this out because I'm stuff is coming to me as we're um talking along. I'm going to put a lipstick on that. Hold on. Miss Lawrence. Yeah, I have a follow-up question related to the fine arts requirements or the proposed requirements.
Would you be able to dedicate as much time um to turning our district around so we could attract a full-time superintendent next year? Short answer, yes. No. Um I think that anybody who's sitting in a superintendent seat, an executive director seat, that is the expectation like you understand what the work is. You understand there's a lot of work. Um in a collaborative, we wear many many hats. You know, I've been serving as the director of student services as well as the executive director sometime. I take a huge role in the finances. Huge role in the finances. Um, we work I work seven days a week now in this job. Um, I think it's just it's important that you have the finger on the pulse of what's happening in your district, in your collaborative. Um, you want to make sure that you're meeting the needs of your community as well.
Um, so I hope to be a quick study this summer with the benefit of Aspen and student pictures, um, and matching up as many names as I can before the first day of school. Um, but I'm just very grateful for the opportunities that await me here in Dartmouth. So, thank you. Thank you. Thank you very much. And welcome to Dartmouth. All right, we'll leave it leave it leave it with you. Right, I get to continuing right along. And I'm um pleased to invite up to the podium Mr. Porter. And I think Yep. And I see our new or incoming principal headed this way, Miss Mckenry. So I have to say before Mr. Porter starts to talk about the school improvement plan. This is Mr. Porter's last time presenting a school improvement plan here in Dartmouth. Mr. Porter, congratulations on [Laughter] [Applause] that. But have no worries because Mrs.
like you decide the menu and the and you send us the food and say this is what you're going to have on this day or so we make a menu for the month. I'll just give you an example. Okay. So So this is I pulled this up in case this this question came up cuz it usually does. This is uh the menu for Lynen School District. Okay. Uh they have three items. All right. uh what we call our our signature item which is a chicken alfredo. We have a combo craving which is a um pulled pork sandwich on a bun and then greens and things which is our uh salad option which is either salad bar or one of our top salads. In this case it's a chef salad. So that's Monday and and with all those three items you saw the fresh fruit and vegetable bar that I had up there.
So, you can have different options there. Um, and like it when we played state last year, there was lines, big ball lines on that court. You're true tennis people, the traditionalist hate it, but it's the new way that people do things so that you can get a multiple use out of it. And I freaking love pickle ball, so I would be all for that. And it won't prevent you from being able to host the meets that you're No, that wouldn't change anything at all because like I said at state they have and I think it's because it's a prairie village last year and they only have them on three or four I believe out of the 10 that they have there. So yeah, we wouldn't need to put them on all of them by any means. Will you plan to resurface? We would need Yes, we're overdue on those.
But I'll pass these out to you guys and then take any questions you might have from the report. Any questions? I'm sorry. All right, then. Seeing none, we're going to move on to That was shorter than 19 minutes, I might add. Move on to item C, our financial reports. Mr. Livingston, can you hear us? I sure can. Can't hear you. Hear me? I can hear you. All right. You're up. That's great. Okay. Madam President, members of the board, administration staff, gentlemen, a look at the potential activity of the district up to the end of March 25. Our budget will be amended on May 10th. Our operating budget that will ultimately be May 12th, that second Monday in May, that will be our last chance to turn off our budget with the numbers the state has prepared for it. uh expenditures as of the end of March 14.2 million in our operating fund in our capital fund 678,000.