Whitehall School District board approves investment account with Jefferson County Treasurer

The Whitehall School District board voted unanimously on Nov. 12 to authorize an investment account with the Jefferson County Treasurer and adopt a school funds/investment resolution.

The vote came after the board considered a resolution labeled “independent district banking,” which included an agreement between Whitehall School District 4, 47 & 2 and the Jefferson County Treasurer to allow the district to establish an investment account. Board member Rico Patacini moved to approve the investment resolution; Chad Hoover seconded the motion. No one opposed and the motion carried. Chad Hoover then moved to approve the county treasurer resolution, with Jenelle White seconding; that motion also carried with no opposition.

The resolutions, as described in the meeting agenda, authorize the district to establish an investment account with the county treasurer and set a school funds/investment policy; the transcript lists the agreement language but does not record additional discussion of terms, authorized amounts, investment restrictions or implementation timelines. The motions were recorded as passed with “Opposed: None.”

Board Chair James Reiff called the meeting to order at 7 p.m. and the investment items were considered under old business. The transcript does not record further details about where invested funds will be sourced from, what investment instruments will be used, or required reporting and oversight steps; those details were not specified in the meeting record provided.

The board signed meeting minutes and moved on to other business following the vote.