The student organization i belong to has recently been entrusted with a retired dell power edge 2650 rack mount server. Me and another club member are going to be in charge of setting up and maintaining the server. I'm pretty sure there is a lot of information i'm simply not aware of and i was wondering if anyone with IT experience would be willing to give me a few pointers.

My current plan is to install a minimal system (prefferably debian based) install the services i need (LAMP) and then harden the box with a set of restrictive iptables rules and keep up to date with security updates.