School Board members approved the bond closing with A.V. 'Buster' Beardsley III of First Security, Beardsley Public Finance, Monday night, and approve the required audit.

"There are two times that are really important," Beardsley said, "when you decide to do it and the second time is when you give your final approval... accepting bids and getting ready for money transferred to your account."

Beardsley presented documents to the board for the $9,000,000 refunding and construction bonds.

The board also agreed to move $8.6 million to Signature Bank to earn more interest. Board member Jeff Neil recused himself as he is employed with Arvest Bank.

School superintendent Rick Neal told board members that Arvest is offering one-quarter of a percent on money market accounts whereas Signature Bank, Centennial Bank and Equity Bank are offering from 1.2 to 1.3 percent.