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Hiawatha board approves FSA bank account, 2025-26 master agreement and staff wages
Summary
Trustees voted unanimously to open a separate GN Bank account for employee flexible spending account (FSA) funds, approved the 2025-26 master agreement and approved administrative and classified staff wage schedules.
The Hiawatha School Board unanimously approved several administrative and financial housekeeping items, including creating a separate bank account for flexible spending account (FSA) funds, a new master agreement for the 2025-26 school year and administrative and classified wage schedules.
Accounting change approved: The board approved opening a new GN Bank account to hold FSA premiums and reimbursements separately from other district funds. Levi, board staff, said, "They're asking that we have a separate bank account at GN Bank for the FSA funds, flexible spending, just to keep that clean and not mingle that with other district money, which makes sense." The motion to open the account specified Chelsea Carlson and the clerk (Levi) as the two authorized signers and also updated signers on the middle school activity and petty cash accounts to add Doreen Olsen. The motion passed 6-0.
Contracts and wages: Trustees also approved the 2025-26 master agreement as presented; the motion passed on a 6-0 voice vote. Later in the meeting members moved and seconded approval of administrative and classified staff wages as presented; the board recorded that motion as passed.
Why it matters: Separating FSA funds into a distinct bank account is a bookkeeping and compliance step district staff said is required by the FSA administrator. Approving the master agreement and wages finalizes the district's negotiated employment terms for the upcoming school year and authorizes payroll and budget commitments.
Votes at a glance: - Open GN Bank FSA account and update signers (Chelsea Carlson and Levi as signers; add Doreen Olsen to middle school signers): approved, voice vote, tally recorded as 6-0. - Approve 2025-26 master agreement: approved, voice vote, 6-0. - Approve administrative and classified staff wages as presented: approved, voice vote (tally not recorded by name; board reported motion passed).
Next steps: Business office staff will provide the bank with required board minutes and documentation to open the new account and update authorized signers. The district will implement the approved wage schedules and file the master agreement per its normal personnel procedures.
