Meeting Details
January 6, 2025
7:00pm - 7:15pm
15 min
Mt. Vernon Administrative Service Center
Purpose
N/A
1.
Pledge of Allegiance (7:00 PM)
Minutes
Mr. Chad Gray left the Pledge of Allegiance.
2.
Call to Order
Minutes
Mr. Chad Gray call the meeting to order at 7pm
3.
Adoption of Agenda
Minutes
Mrs. Shannon Walls made a motion to adopt the agenda. Mrs. Freeman seconded the motion. Motion carried 5-0.
4.
Board of Finance
Minutes
Mr.. Elkins shared information on the annual approval of the Board of Finance.
4.1
Annual Requirements of School Finance Committee
(1) The board must elect a president and secretary (See IC 5-13-7-6)
(2) The board must review a written report that summarizes the investments made by the school corporation during the 2024 calendar year. The written report must be prepared by the investment officer.
(3) The board must review the overall investment policy of the school corporation (See IC 5-13-7-7)
(4) The board must receive a written report in the financial condition of the school corporation. This report must be given by the superintendent or the superintendent's designee. In reporting on the school corporation's financial condition, the superintendent/designee must use the fiscal and qualitative indicators determined by the fiscal and qualitative committee (See IC 5-13-7-8)
Minutes
Mr. Ekins presented the annual information for establishing the annual school finance committee.
4.2
Resolution 2025-01 Authorizing a Board of Finance for 2025
Minutes
Mr. Elkins asked for approval of Resolution 2025-02 authorizing the Board of Finance for 2025. Mrs. Freeman made a motion to approve Resolution 2025-01. Mrs. Britt seconded the motion. Motion passed 5-0.
4.3
Resolution 2025-02, Investment Policy and 2025 Earnings
Minutes
Mr. Elkins reviewed policy F200 Investments income policy and interest earnings for 2025. He asked for approval of Resolution 2025-02. Mrs. Walls made a motion to approve Resolution 2025-02. Mrs. Freeman seconded the motion. Motion carried 5-0
4.4
School Corporation Fiscal Indicators Review
Minutes
Mr. Elkins reviewed the Fiscal Indicators report and shared information on the Dual Unit Appeal Board.
5.
Adjournment
Minutes
Mrs. Freeman made a motion to adjourn the meeting. Mrs. Walls seconded the motion. Motion carried 5-0 The meeting was adjourned at 7:09pm.
