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Rogers board adds four local banks for deposits; district reports $23.5M in facility spending year-to-date
Summary
The board authorized adding four local banks to its list of depositories, capped at $5 million per bank, and heard financial details including $23.5 million spent from the building fund year-to-date and $5.5 million received from insurance reimbursements.
The Rogers School District board voted to add four local banks to its list of depository partners and heard a financial report that highlighted large, ongoing facility expenditures and recent insurance recoveries.
Jake Hawk, the district’s finance presenter, told the board the technology fund balance stands at $7.7 million after using ESSER funds to purchase devices, and he noted that year-to-date building fund expenditures total about $23.5 million, with a…
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