8TH GRADE GRADUATION
Every year, there is one goal in mind, for our 8th grade students, anyway. That would be the days of celebration surrounding their graduation. 8th grade graduation may not seem like a big deal to many. But, upon this event, our students move onto varying high schools. So for Lonedell, 8th grade graduation is in fact quite an event.
This year, students were first treated to a pizza party and dance. The next day, parents hosted a down home, country dinner of fried chicken, pulled pork and all of the trimmings. After they filled their bellies, they played old fashioned games such as tractor, stick horse, and potato sack races. There might also have been some silly string involved. Then students watched a video memorializing their 8th grade year and signed autograph books.
The next day, surrounded by a large group of friends and family, our students took the stage to turn their tassels. A class poem was read by Dylan B. and Hailee F., and awards were given for a variety of achievements, included academic, citizenship, attendance and activities. Our top five students were honored. Those students are Callie S., Austin M., Gracie S., Cenzie L., and Calyn L. The citizenship award was given to Gibson B., his accolade stating, "This students is polite and caring, and always respectful to all adults in his precense."
The top two academic students addressed the crowd. Cenzie L., Salutatorian, spoke of the 9 years she has spent at Lonedell, remembering some of her favorite times and the support she has felt from her family, friends, and her class. Calyn L., Valedictorian, said how she had grown up at Lonedell, learned how to work hard from her coach, and will especially miss being "just down the hall" from her mother who serves as a second grade teacher at Lonedell. Both girls spoke of the excitement of new things to come in high school.
After the issuing of diplomas, cheers, and a few tears, students and their guests were invited to a reception of cupcakes and lemonade. The pride we have in this class is outstanding. We know that they will do great things in high school and beyond. While they will not be together as a single group, Cayln said it best, "Once a Bobcat, always a Bobcat."
Our kindergarten students were not left out of the graduation festivities. After a video showing titled From Seed to Flower, which documented the students' adventures of kindergarten, the little ones took the stage. They entertained family and friends with several songs. Mrs. Cox and Mrs. Smith spoke of the joys they have experienced by having their own children in this group of young people. Each child was introduced and given their diploma in front of a letter expressing thanks to people important to them.
Friends and family cheered as they sang one last song, ABC You Later. Afterwards, guests were treated to cupcakes and lemonade. We will see these children back for first grade next year!
LONEDELL R-XIV SCHOOL DISTRICT
OF FRANKLIN COUNTY, MISSOURI
APPROVES SALE OF $750,000 GENERAL OBLIGATION BONDS
The Board of Education of the Lonedell R-XIV School District of Franklin County, Missouri at a regular meeting on April 18, 2016 approved the sale of $750,000 General Obligation Bond Issue to its Municipal Bond Underwriter, L.J. Hart & Company of St. Louis, Missouri. "We appreciate the strong vote of confidence we received from local patrons at the election and want to lock in interest rates that are favorable," stated Daniel Short, President of the Board of Education. These new money General Obligation Bonds were approved by about 68% of the voters at the April 5, 2016 election, for the purpose of providing funds to expand the cafeteria and install heating, ventilation, and air conditioning systems; to upgrade the entrance to the cafeteria to comply with ADA regulations; to pave the parking lot and construct new sidewalks; to complete safety upgrades to the breezeway and front door entrance; to upgrade the technology infrastructure; to the extent funds are available, convert the computer lab to a science lab, upgrade existing HVAC and complete additional repairs and renovations to the existing facilities of the District.
According to Larry J. Hart, President and CEO of L.J. Hart & Company, the Farmers and Merchants Bank purchased $250,000 of the bonds to support the District. The Superintendent of Schools, Jenny Ulrich, mentioned that she was pleased efforts were made to accommodate local investors. “It is nice that our marketing procedures facilitated this local involvement while still receiving attractive interest rates,” Ms. Ulrich commented.
The Board of Education selected the negotiated sale of the bonds in order to capture current market conditions, to be certain that local banks received an opportunity to purchase the bonds, and because the proposed interest rates were fair based upon current conditions in the municipal bond market. Ms. Ulrich stated that the District did compare proposed interest rates with the national bond indexes and other comparable Missouri issues with a similar rating quality sold at negotiated sales to be certain that rates for the District’s bonds were favorable. “Based upon pricing of these other financings on April 18, 2016, the date firm rates were proposed to the District, and the national indexes for AA+ rated General Obligation Bonds, our rates were as good as or better than other negotiated sales for a similar quality level of bond issue,” Ms. Ulrich remarked.
According to L. J. Hart & Company, the bonds are scheduled to mature on March 1, 2026 through March 1, 2036 with reoffered yields ranging from 1.75% to 2.55%. The interest income from the bonds is exempt from federal and state of Missouri income taxes and the bonds were available in $5,000 denominations.
These bonds carry a "AA+" rating from Standard & Poor's Corporation due to the District's participation in the State of Missouri Direct Deposit Program coordinated through the Missouri Health and Educational Facilities Authority.
The bonds do contain optional redemption (call) provisions on March 1, 2021 at no penalty that will facilitate the reduction of future interest expense in the event of prepayment or a future refunding to lower rates if market conditions make it economically feasible. The financing proceeds are expected to be available to the District by May 16, 2016 and will be promptly reinvested by the District to earn additional interest for use in the completion of the projects. The legal documents to complete the issuance of the bonds were prepared by Lori Lea Shelley, Esq. of Mickes O’Toole, LLC in its role as bond counsel for the District.