Phillips said the fund usually runs about 2 percent of the total budget, but it is now suggested and most likely required to be 4 percent now.
As the entire acquisition and its funding is still under discussion, Phillips said the BOCES' portion of aid is not set as of yet and could possibly be more that the projected $1.89 million.
The board will not know the exact terms of the lease or interest rate until the funding applications are sent to the bank for review, Phillips said.
Is there a less risky route?
Board Vice President F. Joseph Unangst posed concerns of the long-term financial commitment for equipment that would most likely become outdated by the second year of the agreement. He also asked whether or not the district would be responsible for producing addiontal funding for repairs to the equipment.
LCSD Director of Technology Bonnie Ladd, who was present at the Jan. 11 meeting, said there would be money budgeted for repairs and that since the district has an Apple repair site. However, Ladd said the presence of the site "would help the maintenance of the equipment, but to maintain it, no."
Unangst said the district would also have to expect the cost of training staff members with the introduction of new technology. Ladd responded to this concern and said that most companies she has seen in these agreements generally offer free training with the new technology.
He also suggested the possibility of leasing for $6 million for three years and then having the board discuss how it went before committing to the fourth and fifth year.
"Why, by this board approve this?" Unangst asked with the thought that three board members may or may not be there after the next election's results.
Overall, Unangst said it would be better to lessen the financial commitment.