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Board directs at least 50% of LRSB funds to BISON Education Trust
Summary
Following auditor and state recommendations about scholarship funds, the board directed the superintendent and business manager to allocate a minimum of 50% of LRSB funds to the BISON Education Trust; the motion passed unanimously.
Board President Lisa Werner recommended May 19 that the superintendent and business manager allocate a minimum of 50% of LRSB funds into the BISON Education Trust following auditor and state recommendations concerning scholarship funds.
The minutes record the sequence: after a discussion item noting that "Auditors and the State suggested recommendations regarding LRSB funds placed in the BISON Education Trust," President Werner recommended the allocation and a motion to adopt that recommendation was moved by Vanessa Thun and seconded by John Haskins. The motion passed on a unanimous vote recorded as "All ayes, motion carried." The minutes indicate the board is directing administrative staff to move funds accordingly; specific dollar amounts and the remaining percentage allocation for other uses are not listed in the excerpt.
The board recorded this as "Other Business" on the agenda and approved the direction; the attached financial documentation in the official minutes would contain exact figures and trustee instructions if needed for public records requests.
