The Magnolia School Board held its regular meeting Monday evening.
Highlights from the meeting included:
-- A performance by the Magnolia High School Jazz Band.
-- Superintendent John Ward said the Breakfast in the Classroom program is doing well. The number of students participating has increased every month over last year’s numbers. In November, the number of meals served increased from 16,310 in 2018 to 24,650 in 2019, an increase of 66.17 percent.
Ward said the program is not without challenges, but they would work through any challenges if it means students get to eat breakfast every day.
-- The board approved the refinancing of bonds for the district. Scott Beardsley, of First Security Beardsley, told the board that refinancing will save the district $916,162,90 over the lifetime of the bond. The lowest interest bid of 2.667 percent was from Raymond James & Associates. The sale of the bond will close January 9, 2020.
Raymond James & Associates approved Farmers Bank & Trust to serve as the trustee.
Beardsley told the board at the funds saved by refinancing will be unrestricted in their use.
-- Ward told the board the Advanced Placement Awards Banquet that was held at Calvary Baptist Church was a nice event for the students and an opportunity for them to socialize in a more formal dinner setting.
The next meeting will be January 13.
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