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Board asks administration for fuller investment analysis after approving depositories and delegated authorities
Summary
While approving depositories and authorizations as a consent package, the board asked administration to provide a comparative analysis of investments and returns (Ehlers) and said it would review investment strategy and reporting at a future working session.
The Lakeville Area Schools board approved designation of official depositories and several administrative delegations as part of a consent package, and during discussion asked administration to provide more detail on investment strategy and returns. Superintendent Michael Baumann identified Ehlers as the district—s financial adviser, responsible for comparative analysis of investments; directors asked for that analysis to be shared with the…
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