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Board approves participation in JSB Property and Liability Trust Fund
Summary
The board voted to approve participation in the JSB Property and Liability Trust Fund; the chair reported the district's premium dropped by about $12,000 this year and said several nearby schools would join the trust.
The chair moved to "adopt, approve, and ratify the JSB Property and Liability Trust Fund participation agreement as presented," and the board carried the motion after discussion of comparable participation and cost. The chair told members the district's premium "actually went down $12,000 this year" after speaking with the trust.
A board member asked for a list of participating schools and whether the trust offers comparable benefits at the presented price; the chair said several other schools recently joined the trust and that the cost outcome was favorable. The board approved the agreement by voice vote and the chair announced "motion carried."
