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Board approves minutes, accounts payable, donation and five‑year firewall loan
Summary
The South Madison Community School Corporation board approved routine minutes and vouchers, accepted a $2,000 donation for the cafeteria from AmVets, authorized disposal of a middle‑school wrestling mat and laminator, and approved a five‑year loan through the Indiana Bond Bank for an $85,084 firewall renewal at a roughly 5.04% interest rate.
The South Madison Community School Corporation Board of School Trustees voted on several routine and fiscal items during its regular meeting.
The board approved the minutes of the February regular meeting and accounts payable vouchers. The administration noted the utility line items on the vouchers typically cover about a 30‑day billing period.
Trustees accepted a $2,000 donation from AmVets to the district cafeteria fund. The board also authorized disposal of a worn wrestling mat and a laminating machine at the middle school; administration said larger items require board authorization when surplus or beyond repair.
In a more substantive finance vote, the board approved administration permission to obtain a five‑year loan from the Indiana Bond Bank to cover a five‑year firewall renewal for the district's computer system. Business manager Jeff Riccardi told the board the total for the five‑year contract is $85,084 and that the district expects to receive multiple quotes; he said the stated interest rate for the proposed loan is about 5.04 percent and that the district is asking for board permission to secure the loan so counsel can prepare required documents. Riccardi explained that technology contracts now are subscription‑style renewals and that the loan spreads the cost over five years.
Board members moved and seconded each motion; roll calls recorded unanimous or broadly affirmative responses for the listed items. Treasurer Mike McCarty also asked the board to approve canceling outstanding checks that are two years old as of Dec. 31, 2024, per guidance from the State Board of Accounts; the board approved that request.
No public speakers were registered for patron comments during the meeting segment covering these items.
