Board accepts December financials, approves contracts, and accepts resignation
Treasurer reported a year-to-date General and Emergency fund loss of about $450,000 and an all-funds deficit of roughly $577,000; the board approved agreements with universities and SLP services, accepted the resignation of Jasmine Wilhelm, issued substitute contracts and approved a $500 donation to the theater program.
The full story
The Waterloo Local School Board approved its December financial statements and heard highlights from the treasurer that showed a year-to-date loss of about $450,000 in the General and Emergency funds and an overall all-funds deficit of approximately $577,000. The treasurer said bond payments in November had affected cash timing and noted expense outliers that included a $25,000 fuel-management system upgrade and a $23,000 fence repair (the transcript indicates a third party is expected to reimburse the district for the fence expense).
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