Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Fundraising topic
No spam. Unsubscribe anytime.
St. Francis Educational Fund shows $11,755 available; board discusses scholarships and promotion
Summary
A representative reviewed the St. Francis Educational Fund balance of $256,970.45 and an available 2025 spending amount of $11,755.37; the board discussed allocating $6,500 for scholarships and tabled a final decision to March.
Jessica Matthies told the board the St. Francis Educational Fund has a balance of $256,970.45 and an available 2025 spending amount of $11,755.37. She reminded the board that the district may use 5% of the fund's three-year average balance for scholarships and other educational purposes.
Board members discussed proposed uses of the available funds, including a suggestion to allocate $6,500 for scholarships and to invest a portion of the available funds in outreach or promotion to increase future contributions. The board voted to table a final decision on spending the foundation funds until the March meeting so administrators can pursue potential promotional contacts and return with proposals.
No final allocation was approved at the Feb. 13 meeting; the item will return to the board on March 13 for action.
