August 28, 2023 at 6:30 PM - Budget Workshop/Reinvestment of CD's

Discussion:  President Stearns called the meeting to order at 6:30 P.M. and acknowledged the Open Meeting laws in the board room. The Pledge of Allegiance was recited.

Discussion:  NA

Discussion:  The district has two CDs ready to be renewed after August 30th at Flatwater Bank. There is also another CD at FNBO that will be renewed in November 2023. The board decided to pull out FNBO CD early to get involved in the great rate of 5.5%. The district will invest the CD of $210,619.23 with FNBO for 17 months at 5.5%. The board also decided to combine the two CD's at Flatwater bank that are coming due, to make one CD for $592,360.62 for 18 months at 5.25%. Since the rates are so high, the district will also invest $400,000 at Flatwater Bank for 12 months at 5%. Total investment of CD's will be $1,202,979.85.

Discussion:  Superintendent Foster presented a powerpoint on the different options to make the Levy. The valuation for the district went up 10% from last year. The board decided to reduce levy from $1.05 to $0.97. The board decided to budget 2 cents in Special Building, 10 cents in Bond Fund, and 85 cents in General Fund. Some projects talked about for the building were replacing weight room door, keyless entry, kitchen equipment replacements, and athletic improvements. 
 

Discussion:  The board talked about starting the Strategic Plan for Brady Public Schools. People were chosen for designated areas to be on the strategic overview committee. Letters will be sent out to the designated people to personally invite them to be on the committee.