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Board of Finance reviews annual investment report, financial condition and teacher-compensation funding floor
Summary
At the Board of Finance meeting immediately following the regular session, trustees received the annual investment report (interest earned cited at about $807,000), reviewed the district financial condition (DUAB data) and approved the teacher-compensation funding floor, with the presentation showing MSD spent roughly 68.98% of its revenue on teacher compensation in FY25.
Immediately after the regular meeting on Jan. 13, the MSD Steuben County Board convened as the Board of Finance to complete statutory finance duties, including electing officers for the Board of Finance, reviewing the annual investment report and considering the teacher-compensation funding floor.
Administration recommended keeping the current school board president and secretary as officers of the Board of Finance pursuant to Indiana Code 5-13-7-6; the board approved the recommendation and named Corey Archibald president and Rebecca Maggard secretary for the…
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